Bitcoin price faces bearish breakdown: Is $54,860 the next big test?
Bitcoin price has deteriorated over recent weeks, with repeated bearish daily closes below key support increasing downside risk toward $54,860.
Bitcoin (
$BTC ) price has entered a vulnerable phase after failing to hold several critical technical levels that previously supported price action. Over the past few weeks, the market has shifted from consolidation into sustained weakness, with sellers gaining control across multiple timeframes. This transition has been reinforced by consecutive bearish daily candle closes, signalin