Bitcoin Price Analysis: Bulls Defend $60K Amidst ETF Outflows and Liquidations
Bitcoin's price is battling to hold the $60,000 level after a brutal liquidation event and sustained ETF outflows. Technicals suggest this support zone is critical for bulls this week.
Bitcoin just got hammered, dropping below $59K as ETF outflows continued to bleed the market. Traders who were overleveraged got wiped out in a brutal liquidation cascade. The $60,000 mark is now the line in the sand for bulls, a critical support zone that's being tested again this week. Failure here opens the door for further downside.