“If bitcoin can hold above this level, it keeps the direct focus on that next push to a fresh record high and towards $100,000,” Kruger said. “If on the other hand we see more downside pressure that translates to a breakdown below $59,000, this will delay the short-term bullish outlook and open the door for a more meaningful correction into the $45,0000-50,000 area.”
Source: https://www.coindesk.com/markets/2024/04/17/bitcoin-tumbles-to-60k-ether-under-3k-correction-not-over-says-strategist/?utm_medium=referral&utm_source=rss&utm_campaign=headlines