temporarily dropped to $60K on what market watchers link to escalated Middle East tensions over the weekend. BTC has bounced from this level thrice since March, making it a critical psychological support level.“$60K is critical support for Bitcoin. A decisive break below that level will create a formidable triple top. The immediate downside projection is a move to $20K.”
“At that price, $MSTR will have a $2.7 billion unrealized loss on 214K Bitcoin acquired at an average price of $34K.”At the time of writing, BTC reclaimed $65K after tentative reports that the US seeks to de-escalate Middle East tensions. “I would caution people longing crypto solely on the basis of a large leverage flush or the Middle East conflict being over.”
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