What’s Next For Bitcoin Price After A Decisive Breakdown From $60k?

In the last 48 hours, the Bitcoin price has witnessed intense selling pressure evidenced by the two long red candles in the daily chart. From $64714, the BTC price plunged 12.7% to currently trade at $56921, which the market cap fell to $1.28 Trillion. This downswing could be attributed to the negative outflow in BTC ETFs and uncertainty around the Federal Reserve’s interest rate decision later in the day. Will this correction trend extend below $50000?