Bitcoin Price Collapse: Analyst Forecasts $44,000 Plunge On 200 Daily EMA Breakdown

The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level. 
Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted in a retracement of over 20% on the monthly time frame.
Bitcoin Price At Risk
Crypto analyst “Blockc