A crypto strategist is warning that Bitcoin could plummet if it does not hold the $58,000-$59,000 range as support. He is turning short-term bearish on Bitcoin, suggesting it may bounce back to the $60,000 range before correcting much lower. However, founders of analytics firm Glassnode remain bullish on Bitcoin, pointing to whale accumulation as a sign of confidence in its mid- and long-term performance. At the time of writing, Bitcoin is trading at $60,271, slightly down in the last 24 hours.



Other News from Today