Bitcoin Breaks Support Levels: Is More Downside Ahead? Bitcoin (BTC) has been on a rollercoaster ride in recent weeks, with its price dropping significantly from its all-time high of over $60,000. The leading cryptocurrency has been facing a series of setbacks, including China's crackdown on crypto mining and Elon Musk's tweets causing market volatility. As a result, Bitcoin has broken critical support levels, leaving many wondering if more downside is on the way. The Impact of China's Crypto Mining Ban on Bitcoin China's recent ban on cryptocurrency mining has caused major disruptions in the industry, as the country previously accounted for a large percentage of Bitcoin's mining hash rate. This has led to a significant drop in Bitcoin's mining difficulty, making it less profitable for miners to continue their operations. As a result, many miners have shut down, causing a decrease in the overall hash rate and potentially impacting Bitcoin's price in the...
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