Bitcoin (BTC) in Downtrend, Traders Urge Caution Ahead of Fed



“Bitcoin remains in a downtrend, with a series of lower lows and lower highs,” Alex Kuptsikevich, a senior market analyst at FxPro, wrote in an email to CoinDesk. “We will pay attention to bitcoin’s dynamics at the following support levels: $60.3K (correction to 61.8% of the last rally), $56K area (50-day average and 50% level) and $51.5K (consolidation area in February).”



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