Dhirendra

Dhirendra

Dhirendra Chandra Das has been working in finance since 2015 and in crypto markets since 2021. His work primarily revolves around enabling crypto companies scale in terms of user growth and sales. He holds a Bachelor of Technology from Veer Surendra Sai University of Technology and dual MBA in Finance and Marketing from Jain University.

Bitcoin Below $60k, Might Fall to $50k Soon

In the past 24 hours, Bitcoin's price dropped from $63,200 to $57,165 due to ETF outflows, a disappointing Hong Kong ETF debut, miner sales, and overall market bearishness. Analysis of on-chain data, fundamental metrics, and technical charts suggests a bearish trend might continue, exacerbated by negative sentiment and external market pressures.