Bitcoin Drops Below $63K, Trading at $63,600, Signals Potential Further Decline

Bitcoin's price has recently experienced a significant decline, dropping below $64,000 and further down to $63,000. This decline has broken the short-term holder realized price, signaling a potential further drop to levels not seen in nearly 49 days. As of the latest data, Bitcoin is trading at $63,600, with analysts suggesting it may dip further to $60,000.