Key facts
- Bitcoin fell below $60,000, reaching a low of $59,743.
- Bitcoin is currently trading around $60,834.
- The Nasdaq index is down 2.66%.
- The S&P index is down 1.64%.
- The Nasdaq is testing support near 26,048.
Bitcoin experienced a significant decline, falling below the $60,000 level for the first time since early February and reaching an intraday low of $59,743. This move extended the bearish momentum, although buyers intervened near the lows, pushing the price back above $60,000 to approximately $60,834. Despite the rebound, the technical outlook shows damage from the multi-month low. Key resistance for Bitcoin is now seen near $65,000. Concurrently, stock markets continued to decline. The Nasdaq index was down 2.66%, with traders targeting support near 26,048, which aligns with the 200-hour moving average and a significant retracement level. The S&P index also fell, down 1.64%.