Bitcoin May Face Further Declines, With Retest of $52,000-$58,000 Possible

Bitcoin fell 0.2% on July 27, Walter Bloomberg reported. On-chain analytics firm Nansen said the market has yet to confirm a firm bottom and could retest the $52,000 to $58,000 range.

Nansen added that the Federal Reserve's monetary policy decision due this week and Strategy's second-quarter earnings report could serve as key catalysts for Bitcoin's next move.