🔥🔥Coin price today August 3: Bitcoin slides deep to 60,000 USD, altcoins continue to fall sharply.

-The latest sell-off has caused Bitcoin price to lose key support levels: the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670.

Bitcoin analyst AlphaBTC recalls Bitcoin's price performance since July 30, when the price dropped from a high of $66,996 to a low just below $63,000 on August 2, emphasizing that the Bitcoin losing $63,000 is extremely bad

-Other analysts believe that Bitcoin price may have a deeper correction, aiming for a drop to the $58,000-$55,000 price range.

“Technically, Bitcoin's current status is bearish and is expected to drop to $58,000 or lower,”

-The majority of altcoins in the top 100 are bleeding with about 15 tokens experiencing double-digit losses. The altcoin that is falling the most during the day is FLOW -15%, followed by BRETT -13.4%; WIF -12.4%; BSV -12.3%; HNT -12%; BEAM -12%…

-Investor sentiment is currently in the fear zone with the cryptocurrency fear and greed index sitting at 37 at the time of writing. Please calmly make your decision at this time.

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