Bitcoin's price has broken below a crucial support level, sparking concerns about its future value. According to WEEX analysts, the cryptocurrency may drop as low as $60,000 if the trend continues.
This prediction is based on technical analysis of Bitcoin's price movement over the past few weeks. The support level of $75,000 to $76,000 has been a key benchmark for investors and traders, and breaking below it may signal a larger decline in value.
While this news is specific to Bitcoin, other cryptocurrency-related events are also worth noting. Several companies have secured significant funding, including Variational, which raised over $60 million from prominent investors.