Bitcoin Price Hinges on Critical Support Level of $60K

Bitcoin's price has been fluctuating in recent days, with many market observers waiting to see if the cryptocurrency will hold above the critical support level of $60,000.

The analysis suggests that a break below this level could trigger a significant downward movement, potentially pushing the price down to $47,000. This scenario is contingent on various factors, including market structure, macroeconomic headwinds, and investor sentiment.