Today, BTC/USD has retraced to the low of $60,755 as Bitcoin trades marginally .
If Bitcoin continues its downward move and prices break the previous low of $58,500, the downtrend will resume.
Some Indian lawmakers have come to an agreement that this approach would serve as an alternative to an outright ban on digital currencies in the country.
Today, BTC/USD has fallen to the low of $60,800 but pulled back above $61,000 support as Bitcoin trades marginally .