Bitcoin Tumbles to Three-Week Low Under $60K; Next Support at $53K

Posted on by American Coins & Gold

Bitcoin Tumbles to Three-Week Low Under K; Next Support at K
Bitcoin (BTC) fell below $60,000 as sellers remained active over the past few hours, pushing the price to its lowest in three weeks.The largest cryptocurrency was down 4.2% over the past 24 hours to around $57,800 as of 17:53 coordinated universal time (12:53 p.m. ET) on Thursday, after failing to sustain an all-time high around $69,000 last week.If further declines materialized, the next level of price support is seen around $53,000, which could then stabilize the pullback, based on a CoinDesk analysis.Bitcoin’s price retreat came amid a broad sell-off in cryptocurrency markets, with most members of the CoinDesk 20 digital…