Bitcoin Price Rebound Imminent After Massive Drop Below $60,000

Bitcoin recently experienced a substantial correction after peaking at $71,000, dropping by 14% and falling below $60,000. The drop to $58,000 brings Bitcoin to a historically significant support level, supported by the 200-day moving average. Increased trading volume at reduced prices suggests an accumulation phase, indicating potential for a price rebound. Bitcoin Price Faces Critical

Source: CoinOtag