Analysts believe that Bitcoin will fall to US$60,000 soon, understand

“There is a new wave of dollar strength and demand for equities,” said Alex Kuptsikevich, senior market analyst at FxPro, in a text shared by CoinDesk. “Demand for risky assets is gradually declining, forming a sequence of decreasing intraday highs for bitcoin.”

“Bitcoin continues to test the strength of the 50-day moving average, but finds no reason to fall further. This persistent test of the lows leaves the bears with the upper hand, with their next target at $60,000.”