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via CoinDesk · By CoinDesk Staff
Here's what could happen if bitcoin breaks below $60,000
BTC
BTC/USDT
$63,079.75
+0.04%
$63,079.75
+0.04%
(24s)24h Volume
$2,298,377,394.21
24h H/L
$63,175.00 / $62,920.00
Change: $255.00 (0.41%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0004%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(07:52 AM UTC)
1 min read
A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
Bitcoin BTC$61,875.23 continues to lose ground and the price is fast closing on $60,000 amid record ETF outflows.
The $60,000 level has been widely cited by analysts as a major support, below which the selloff could get even uglier.
Jean-David Péquignot, the chief commercial officer at leading…
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