Technical charts show Bitcoin price hanging on to softening support in the $68,000 to $65,000 zone, and a breakdown below the level could usher in new lows in the $50,000 range.
Key points:
Bitcoin remains under pressure, and the downside might accelerate if the $65,118 level is breached.
Several major altcoins are attempting a recovery, but the bears remain sellers on rallies.
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