Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up? Bitcoin (BTC) dropped by $2,300 one hour after the Wall Street opening on Aug. 2, reaching $62,368 on Coinbase. Bitcoin price has seen little change, rising 1% over the last 24 hours to trade at $63,252. This sell-off has seen the price lose key support levels: the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670. “We got the #Bitcoin sweep I was waiting for and a nice reclaim of the range,” declared Bitcoin analyst AlphaBTC in an Aug. 2 post on X. Read more Source: https://cointelegraph.com/news/bitcoin-traders-risk-off-as-btc-price-falls-to-62k-is-a-generational-bottom-approaching?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound