Summary
Bitcoin is in a downtrend with lower lows and lower highs. Support levels to watch are $60.3K, $56K, and $51.5K.
Key Points
1. Bitcoin is currently in a downtrend, characterized by lower lows and lower highs.
2. Key support levels to watch for Bitcoin include $60.3K, $56K, and $51.5K.
3. These support levels correspond to specific technical indicators such as correction levels, moving averages, and consolidation areas.