Bitcoin experienced a significant drop below $60K, with various predictions and analyses from crypto experts.
Some anticipate a further decline to the $54.5-56.5K range, while others foresee a potential rebound to higher levels.
The market sentiment is mixed, with indicators like the Bitcoin Fear and Greed Index reflecting a shift from fear to neutral. Ethereum also saw a decline, with predictions of a possible test of lower support levels. Overall, the market is in a consolidation phase, with traders closely watching key support and resistance levels for potential trend reversals.
