# Traders brace for a drop to $58K if Bitcoin price loses the $62K support
“# Traders brace for a drop to $58K if Bitcoin price loses the $62K support ” Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s (BTC) price lost steam at $67,100 and retracted to the $62,000 level. An early morning 87% flash crash in the price of BTC at Binance US saw the price…