Bitcoin Falls Below $60,000 as Traders Eye Relief Bounce

From financefeeds.com

Bitcoin fell below $60,000 at Wednesday’s Wall Street open, reaching its lowest level in two weeks as traders focused on whether the current range floor can hold or whether a deeper liquidity sweep is needed before any relief bounce develops. chart The decline followed a weaker daily close near $62,700 on Tuesday, the lowest since June 10. Bitcoin then lost the $63,000 area as short-term support and continued to print lower highs after failing near $66,000 earlier in the week. The move also formed a bearish engulfing candle against Monday’s range, wiping out the prior session’s gains and pointing to softer ... (full story)