Deribit analyst: Bitcoin has support around $55,500, and the price decline may slow down
ChainCatcher message, Deribit analyst Anand Raj released a report indicating that Bitcoin has fallen below the key support level of $57,700 and is showing a lower high pattern, with technical indicators suggesting that a downward trend has formed.
However, due to the support area around $55,500, the rate of price decline is expected to slow down.
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