Bitcoin continues to see a decline in value, slipping further below $68,000 after experiencing losses over the weekend. This downward trend has market participants speculating on where the token is headed next. With the price of Bitcoin hovering around $60,000, traders are closely monitoring the support level to determine the future direction of the cryptocurrency.
Meanwhile, a significant futures gap has opened up in the market, leading Bitcoin traders to eye the $60,000 price support as it indicates a potential shift in market sentiment. This gap has also resulted in over $700,000,000 in Bitcoin, Ethereum, and other crypto assets being liquidated in the past 24 hours as Bitcoin falls below $69,000. The recent correction in the market has prompted investors to consider top altcoins to stack as they anticipate a recovery from the current downturn in prices. Overall, the cryptocurrency market remains volatile, with traders and experts closely watching Bitcoin’s movement to predict its future trajectory.