Bitcoin experienced a significant decline in its price within the past day, reaching a low point of $60,630. However, it has since found support from buyers, who have pushed the price back up to $62,350 at the time of writing. The current situation has left well-known analysts perplexed, as they find it challenging to determine the next move for Bitcoin. Interestingly, a chart shared by the reputable crypto analyst, Rekt Capital, reveals that Bitcoin is currently testing the same area that previously acted as a resistance during its peak price.
