After Bitcoin drops below $60,000 twice in a week, what’s next?

📆 7/1/2024 12:23 AM
📰 CryptoAmb

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Bitcoin fell below the $60,000 price range in the past week, and this led to different reactions from various key metrics.

price dropped below the $60,000 mark on two separate occasions, which was accompanied by a slight increase in the reserves held by exchanges.On the 24th of June, BTC experienced a notable drop of 4.60%, with the day’s trading closing at approximately $60,263.

This suggested that BTC was in a strong bear trend. An RSI below 40 typically indicates bearish momentum, and values approaching 30 are often interpreted as signaling an oversold condition.This week’s price movements have had an impact on broader market dynamics as well, including the creation of new

According to an analysis of the data from Glassnode, the number of daily new addresses surged to over 350,000.

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