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Cointelegraphcointelegraph.com

Bitcoin price $60K support not yet safe as more macro headwinds stack up (opens original article in a new tab)

TL;DR

Bitcoin price approaches intraday highs but faces uncertainty as macroeconomic challenges persist, with $60,000 as key support and potential for further volatility.

  • Bitcoin avoids retesting $60,000 as Wall Street returns, but bear-market trends suggest lower prices.
  • Macro headwinds include US Fed interest rate expectations, Japanese yen strength, and geopolitical tensions.
  • Analysts watch for Bitcoin's rebound to $64,000 and its ability to hold support levels amid market uncertainty.

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