Bitcoin drops through $58,000 as analysis highlights ongoing BTC seller interest throughout 2024.
Bitcoin dipped more than 2% on July 4 as a key support line saw its first retest since October 2023.
Data from Cointelegraph Markets Pro and TradingView captured new local lows of $57,885 on Bitstamp after the latest daily close.
A lack of sentiment and steady selling from spot markets created unsavory conditions for Bitcoin bulls.
