Prominent Trader: If BTC Falls Below $60,000, August Could See Further Dip to Below $57,000

BlockBeats News, August 14th - Renowned trader Killa posted that Bitcoin has been experiencing a continuous decline before August 14th. The key now is whether it can continue to hold the existing range and stay above $60,000. He believes that if BTC can still oscillate above $60,000, a temporary low may form near the current price range.

On the other hand, if BTC falls below $60,000 and loses the current range, the likelihood of further downside in the remaining time of August will significantly increase. If it drops below $60,000 from the current level, it may further decline to below $57,000.

Conversely, if BTC can maintain its structure after the 14th and reclaim the $61,000 to $62,000 range, he expects that Bitcoin may rebound within the remaining time of August.