A key Bitcoin indicator reveals that the downtrend may continue with a classic bearish continuation pattern suggesting that the BTC price could go as low as $60,000.
Bitcoin (BTC) tapped $87,000 on March 20, 14% above its low of $76,60, reached on March 11 amid a slight improvement in market sentiment.
However, BTC price has since slid toward $84,000, down 2% over the last 24 hours, raising questions about whether the asset could drop further over the next few days.
BTC/USD daily chart. Source: Cointelegraph/TradingView
