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Home UncategorizedBitcoin Could Drop Below $60K, Says Galaxy Analyst—Here's Why
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Bitcoin Could Drop Below $60K, Says Galaxy Analyst—Here's Why

by Vivek Kumar
written by Vivek Kumar 0 comments
Bitcoin Could Drop Below $60K, Says Galaxy Analyst—Here's Why

In brief

  • Bitcoin has firmly entered a downward price trend, and may be headed below $60,000, according to analysis from Galaxy.
  • Structural weakness in Bitcoin’s price could send it towards its 200-week moving average of $58,000.
  • BTC has fallen around 1.4% on Tuesday, recently changing hands around $77,873.

Bitcoin has dropped nearly by $50,000, or 38% from its October all-time high mark, to change hands below $80,000— but the downward trend could accelerate further, dragging the price below $60,000…

Crypto news writer decoding markets, on-chain data, and regulation, delivering sharp analysis, timely insights, and clear narratives that help readers navigate volatility with confidence globally.

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