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via Cointelegraph · By Cointelegraph Staff
How low Will Bitcoin Price go if $60K Support Fails?
BTC
BTC/USDT
$63,061.03
-0.03%
$63,061.03
-0.03%
(24s)24h Volume
$2,360,573,916.49
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
+0.0024%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:24 PM UTC)
1 min read
Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday.
BTC/USD weekly chart Source: TradingView
BTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level.
How low can Bitcoin go if it…
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