$BTC Bitcoin risks falling to USD 60,000
Bitcoin bulls were unable to prevent the cryptocurrency's price from falling due to low liquidity on exchange order books.
Bitcoin traded below $68,000 during the Asian session on June 11, as analysts warned of further losses for the BTC price.
BTC Price Weakness Meets Lack of “Strong” Supply Support
Data from Cointelegraph Markets Pro and TradingView showed a 3% drop that took bitcoin to lows of $67,320 on Bitstamp after the daily close.
Lacking support at the key $69,000 level, bitcoin bulls were unable to avoid a move lower due to low liquidity on exchange order books.