Bitcoin Price Prediction: Is $60K Inevitable for BTC Amid Market Weakness?

Looking at the daily chart, Bitcoin has been consistently making lower highs and lower lows since reaching its peak above $125,000. Overall, the trend is down, and this is reinforced by the fact that both the 100-day ($78,000) and 200-day ($90,000) moving averages are falling and currently act as resistance levels above the current price.

Trump’s Post Sparks $400M Crypto Liquidation, NYSE & Nasdaq Race to Tokenize Stocks

Here’s a quick look at what happened in crypto this week. Bitcoin reached a 40-day high last week, and regulators approved its use as collateral for certain financial products. This week saw Wall Street increasingly focused on tokenization, debates among politicians about how to regulate stablecoins (with many disagreeing on the best approach), legal issues and concerns about illegal financing in India, and unfortunately, another busy week for hackers.