Bitcoin (BTC) continues to face strong selling as gains seek to lower the psychological level to the $60,000 support. Bitcoin (BTC) continues to face strong selling as gains seek to lower the psychological level to the $60,000 support. Some analysts believe Bitcoin could be adjusted as traders reported gains following the successful launch of a Bitcoin exchange-traded fund last week. In the past, the product release for Bitcoin futures on the Chicago Mercantile Exchange on December 18, 2017 ended a strong specter and marked the beginning of a multi-year bear market. A similar fall occurred on a smaller scale which was observed following the Coinbase (COIN) IPO on April 4, 2021. This suggests that the old saying “buy rumours, sell news” may resurface.However, some analysts are not worried about the drawdown. Cryptocurrency market intelligence firm Decentrader said that „there is no case of Bitcoin breaking through and stopping to break past significant all-time highs.” They expect
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