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Traders brace for a drop to $58K if Bitcoin price loses the $62K support -Breaking


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Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s (BTCThe ) price dropped to $67,100 before retracing to $62,000

A early morning Flash crash of 87% in BTC priceBinance US witnessed the price touch $8,200 briefly. This may have put the market on edge but it seems to be an isolated incident. Source: Cointelegraph Markets ProAnd TradingViewThe market is now in a temporary bearish state, with prices fluctuating between $62,000 and $63,500.

The 4-hour BTC/USDT chart. TradingView
1 day chart. Source: Twitter (NYSE :