𝗣𝗿𝗼𝗱𝘂𝗰𝘁 : 𝗕𝗧𝗖𝗨𝗦𝗗 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻: 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 Fundamental Analysis: - Bitcoin fell below $60,000 for the first time since early May, leading to a widespread sell-off in crypto assets. On Tuesday, cryptocurrencies generally went up. Bitcoin rose over 3% to $61,916.60 on June 25. - - This happened as Nvidia and the Nasdaq Composite Index rebounded after having their worst day since April in the previous trading session. When the stock market turns down, we might also see a panic sell-off in cryptocurrencies. There is no fundamental reason for this, other than market sentiment and possibly needing to raise cash for margin calls. Technical Analysis: - Bitcoin's price staying around key levels like $60,000 is important for keeping positive market sentiment. - The support zone is between $55,000 and $58,000, highlighting the importance of the 200-day moving average, now at $57,500. - -- Watching these levels is crucial for investors to understand potential risk areas and prepare for major price changes.