Bitcoin Nears $65,000 Amid Significant One-Day Decline

Bitcoin approaches $65,000 while analysts highlight a crucial support level around the 200-day moving average, estimated at $58,000 to $60,000.

Bitcoin is on the brink of hitting the $65,000 mark, experiencing its most significant single-day drop since the infamous FTX collapse. Market analysts are closely monitoring the situation.

According to experts, the 200-day moving average, which currently fluctuates between $58,000 and $60,000, may serve as an essential support barrier for the cryptocurrency. Investors are advised to keep an eye on this metric as it could play a pivotal role in determining Bitcoin's short-term trajectory.