Analysis: Bitcoin establishes a new support level at $59,000, with Thursday's PCE data likely to be a critical test
According to ChainCatcher and CoinDesk, Bitcoin has repeatedly found support and rebounded around $59,000 in June, making this level a more critical technical support than $60,000. When the decline accelerated on Wednesday, the price briefly approached $59,000 before rebounding to $61,000, a similar movement to June 5—after the price stopped falling near $59,000, it rebounded to $67,000 within a few days.
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