Bitcoin slips below $60K as heatmap highlights crucial support

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Bitcoin prices have retreated heavily during the Monday morning Asian trading session, falling back below the psychological $60,000 level again.

With bitcoin in retreat again, analysts are looking for technical indicators and signals that could provide clues as to where it is heading next.

On Aug. 12, crypto derivatives data provider CoinGlass reported that the liquidity heatmap is showing key first-test lines at around $56,800.

If BTC prices bounce off this level, it will test higher ones but a weaker bounce could result in further downsides, it noted.



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