FX.co ★ #Bitcoin chart analysis

Bitcoin is undergoing a correction after breaking through the historical maximum, and the correction could be quite prolonged. Another attempt to update the highs after corrective actions should not be ruled out, but at the moment the price may drop even lower and break the level of 59169, as the last attempt by the bulls with maximum volume was met with a bearish reaction. The current month is likely to close with a confident bearish candle, after which the bearish sentiment in the market will continue. However, in terms of news: In a new report, the International Monetary Fund examined the first cryptocurrency and its impact on global markets. The organization recognized the asset's ability to positively influence the economy.