Bitcoin Price Still Has Room To Fall Below $60K — Crypto CEO

The Bitcoin price had a relatively rough trading period over the past week, as it hovered around the psychological $90,000 mark. The flagship cryptocurrency, which looked set for a return to six-figure valuation barely over a week ago, now seems to have lost all its bullish momentum.
Broadly speaking, these recent struggles put to rest questions around the “relief rallies” to the upside, and correlate more with the current bear market structure. However, the latest on-chain evaluatio