From US$60K to US$55K: The data pointing to Bitcoin’s next leg down

Bitcoin currently sits at US$62,864.20 and presents a truly fascinating case study in market manipulation and leveraged gambling. Many retail participants mistakenly view the recent price action as a genuine recovery. The current rally completely lacks genuine structural support. The US$60,000 level demonstrates weak buying pressure, and we have witnessed three lower lows since mid-May. [] The post From US$60K to US$55K: The data pointing to Bitcoins next leg down appeared first on e27 .