Bitcoin is still showing a lot of volatility, but it did manage to hold its ground around $60K. However, this wasn’t the case yesterday when the coin dipped lower than that level by more than 10%. Is Bitcoin losing support from key players?
Bitcoin is currently trying to hold a crucial price support level at $60,000. The cryptocurrency has seen multiple retests of the level in recent days. Read more in detail here: bitcoin fibonacci levels 2021.
The “bitcoin retracement history” is a graph of the price of bitcoin over time. It shows that there have been multiple retests on the $60K support level, which has been crucial in keeping bitcoin from crashing.
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