Bitcoin Testing Major Support Level

From tickmill.com

Following a bumper start to the year, the Bitcoin market has suffered a period of stagnation over recent months with the March highs around the $74,3k mark holding as the high-watermark for now. Shifting Fed expectations and a changeable US rates outlook has seen the market range-bound between those highs and support around $60,7k. Following a strong rally off that support level which took price back up to just short of testing the highs, Bitcoin futures have come under fresh selling pressure with the market shedding around 19%. Indeed, Monday saw BTC recording its worst day of 2024 so far. In light of the current ... (full story)