News > Bitcoin’s drop to $56,500 might have been the bottom of this correction

Bitcoin’s drop to $56,500 might have been the bottom of this correction

Bitcoin’s latest price drop after making a high at nearly $69k was quite significant. The low during the correction was formed at $56.5k, and that might have been the bottom.

After this, we saw a price jump, but Bitcoin got rejected at $60k and treaded back to $57.5k. Even after that, we can expect that Bitcoin won’t break $56k, and it will be the bottom for this correction.