The current drop is often a result of a mix of political tensions + deal liquidations + profit-taking + economic fears, and not a permanent market crash.
Bitcoin investment funds recorded outflows of over $220–349 million in just a few days, indicating selling pressure from institutions.
Geopolitical tensions and rising bond yields are causing investors to reduce risk in assets like crypto.
The key levels now (important for trading)
Bitcoin:
Strong support: 66,000 – 64,000
Critical support: 60,000
Resistance: 72,000 – 74,000
If it breaks 64k, we may see a larger drop.
However, if it returns above 72k, the market may return to climbing.
$BTC
#USJobsData
Bitcoin investment funds recorded outflows of over $220–349 million in just a few days, indicating selling pressure from institutions.
Geopolitical tensions and rising bond yields are causing investors to reduce risk in assets like crypto.
The key levels now (important for trading)
Bitcoin:
Strong support: 66,000 – 64,000
Critical support: 60,000
Resistance: 72,000 – 74,000
If it breaks 64k, we may see a larger drop.
However, if it returns above 72k, the market may return to climbing.
$BTC
#USJobsData