3 reasons why Bitcoin is on shaky ground after failing to retake $60K

(BTC) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over.

bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading.

Crypto Fear & Greed Index. Source: Alternative.me
BTC/USD vs. line chart. Source: Tradingview