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Bitcoin weekly drop 16 percent; breach of $60,000 may test $50,000 level

Bitcoin has fallen about 16 percent over the week, its weakest weekly performance since November 2022, according to Cointelegraph. It slid to $61,000 intraday and is trading around $62,000, with buying interest defending $60,000 as a psychological support level, though downside pressure remains on charts. Technical patterns and on-chain indicators point to support around $50,000 to $54,000, with some scenarios citing $55,000 as a worst-case lower bound.