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Bitcoin (BTC/USD) opened today with a significant decline, breaking below the $60,326.70 level and settling under this threshold. This move confirms the continuation of the bearish trend, with the potential to reach further negative targets around $56,160.00.
Given the current trend, further declines are anticipated in the short term. However, if Bitcoin manages to climb back above $60,326.70, this would counteract the current negative outlook and could lead to a price recovery.
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The projected trading range for Bitcoin today is between a support level of $57,500.00 and a resistance level of $61,000.00.
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Trend Forecast: Bearish
