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With Bitcoin (BTC) plunging below the $66,000 mark, analysts indicate that the maiden digital asset will likely see extended losses in the coming days. Particularly, crypto trading expert TradingShot , through a TradingView post on June 17, noted that investors should watch how Bitcoin interacts with the 50-day moving average (1D MA50) at around $66,100, which previously served as support. As per the Analysis , Bitcoin’s failure to reclaim the 1D MA50 as support should cause investors to prepare for a potential drop to around $61,000, marking the upper boundary of the support zone. Further weakness below $61,000 could signal a deeper decline towards $56,000, near the 1D MA200, potentially forming a long-term bottom. Picks for you Bitcoin investors accumulate as price crashes; highest inflow ever 49 mins ...

Bitcoin (BTC) continues to exhibit bullish sentiment, maintaining its position above the $50,000 mark as the market anticipates a possible push toward a new record high. Despite the optimistic market conditions, uncertainty over the digital asset’s next move still looms. In this line, cryptocurrency trading expert Gareth Soloway, during an interview with David Lin published on February 18, suggested that Bitcoin can potentially experience a drop, drawing parallels with the stock market. According to Soloway, amid the bullish conditions, Bitcoin could retest the $30,000 mark if the stock market undergoes a correction ranging between 20% to 30%. He considers this potential new Bitcoin position a ‘line in the sand’ and views it as an accumulation opportunity. This perspective aligns with Soloway’s broader thesis that Bitcoin tends to behave as a risk asset and could naturally undergo sell-offs during periods of broader market decline.  Picked for ...