Bitcoin $60,000 Scenario: Selling Pressure Persists in Crypto Market

Currently trading in the $68,000 to $70,000 range, Bitcoin is seeking a new support level according to market analysts.
During this process, it is predicted that the price could drop to the $60,000 levels or even lower.
Macroeconomic Data and the Fed's Impact Investors are focused on upcoming inflation data from the United States.
Inflation figures exceeding expectations could lead the U.S.
Federal Reserve (Fed) to keep interest rates high for an extended period.
Analysts see a low probability of the Fed implementing a rate cut in March, a situation that suppresses demand for risky assets like cryptocurrencies.
Additionally, the strengthening U.S.
dollar in global markets continues to exert downward pressure on assets such as Bitcoin and gold.
Regional Developments and Exchange Selling Pressure In Asia, new economic policies implemented in Japan following the elections are indirectly affecting markets.
The depreciation of the Yen is causing capital to shift toward local markets, limiting interest in crypto assets in the short term.
Furthermore, the increase in the amount of Bitcoin being transferred to exchanges indicates that investors are inclined to sell, suggesting that short-term pressure may continue.