Bitcoin could drop further if this support zone is crushed
Bitcoin (BTC) has recently demonstrated a significant recovery, climbing above the $60,000 threshold, a development that follows a tumultuous week where its price dropped below $57,000 prior to the Federal Open Market Committee (FOMC) meeting. This marked a surprising 8% drawdown, sending Bitcoin to its lowest in two months. However, amid a broader stock market rise and a weaker-than-expected US jobs report, Bitcoin’s price trajectory is looking optimistic. In this context, RLinda , a prominent crypto analyst and professional trader, emphasized the importance of the key $64,500 level for Bitcoin in her May 5 TradingView post. Picks for you Bitcoin price can target $73,000 soon if this happens 3 mins ago Economist Nouriel Roubini blasts Bitcoin’s decentralization as ‘nonsense' 17 hours ago Cryptocurrency investor loses $70 million in six hours: Address poisoning attack 18 hours ago U.S. billionaires now have a lower effective tax rate than wor...