The post Bitcoin dips below short-term holder realized price, sparking $60K fears appeared on BitcoinEthereumNews.com.

Bitcoin’s price briefly dipped below a critical level for traders, sparking fears that a further correction toward $60,000 might be on the horizon. Bitcoin recently fell below $64,000, breaking its short-term holder realized price and signaling a possible further decline to levels unseen in 49 days, according to cryptocurrency analysis firm CryptoQuant. “Bitcoin is trading below the critical support level of $65.8K, now below $64K,” CryptoQuant wrote in a June 21 X post. “Falling under this threshold suggests a potential 8%-12% correction toward $60K,” CryptoQuant added, a level not broken since May 3 when Bitcoin (BTC) was trading at $59,122, according to CoinMarketCap data. Read more Source: https://cointelegraph.com/news/bitcoin-price-short-term-holder-crypto-quant-analysts

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Filed under: News - @ June 23, 2024 12:08 pm