📉 $61K on Bitcoin? Honestly - Well, It's Possible
The 200-week MA has been the last line of defense in every major bear market. Bears are eyeing it right now. And I can't argue with them.
$BTC already slid to $77K - and the pressure isn't coming from inside crypto. It's coming from everywhere else:
▪ U.S. bond yields at multi-year highs - why risk crypto when bonds pay more?
▪ Inflation at 3.8% - rate cut hopes are basically dead
▪ Oil up 80% this year - inflation isn't going anywhere
▪ Middle East escalating again - geopolitical fear always hits risk assets first
▪ Japan's bond market cracking - quietly draining global liquidity
June 17 Fed meeting is the moment everyone's watching. If inflation stays hot, the talk shifts from "when do we cut?" to "do we hike again?" - that's when $61K stops being a scary number and becomes a real target.
Until macro turns around, bears are in control.
Are you buying here or waiting for $61K?