BTC struggles below key averages. MACD flat, buyers scarce. Break below $61,440 may lead to $58,000-$59,500.
Bitcoin is currently trading at $62,806 and is struggling to surpass its 7, 20, 50, and 200-day moving averages. The MACD momentum is stagnant, and there is a noticeable absence of buyers in the market. If the price drops below the crucial support level of $61,440, it is likely to reach the range of $58,000 to $59,500.
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