The price of Bitcoin has fallen almost 2% in the past 24 hours, dropping from a peak of $64,443 to $62,438. This decline has raised concerns, especially as the Chinese stock market has been performing strongly. The U.S. Supreme Court has also cleared the way for the government to sell off $4.4 billion worth of Bitcoin seized from the Silk Road marketplace, which adds to the pressure on the cryptocurrency. Technical indicators suggest that Bitcoin may experience a short-term correction, but if it can maintain support levels, it may push the price above $65,000. However, a deeper correction could lead to a significant decline in price.
Attention Investors! Upbit and Bithumb Are Preparing to List This Altcoin That Caused Prices to Fly!
‘All Eyes on BTC’ – Trader Sees Bitcoin Mirroring October 2023 Run-Up After 200 Days of Accumulation