Bitcoin Price Prediction: Analyst Warns of $59K Drop If Bulls Fail to Hold This Level

Bitcoin price hovered below the $63,000 support level as bearish pressure intensified across the market. BTC fell 2.40% to $62,442 in 24 hours, following general weakness in crypto assets. The total market capitalization slipped 2.42% to $2.15 trillion during the same period. Macro uncertainty, a hawkish Federal Reserve view, and leveraged long liquidations precipitated further