Bitcoin Price Plummets Below $60,000: Potential Downside Targets $40,000-$50,000 Demand Zone

Bitcoin has recently experienced a significant decline, causing speculation among investors regarding its next move. According to crypto data platform IntoTheBlock, more than 16% of BTC holders are currently in a loss as Bitcoin dips below the $60,000 mark. Notably, historical data points to further downward momentum as BTC seeks out its next support zone.

Source: CoinOtag