🔷 Third break of $73K this year: $BTC at $66K
The weekly candle closes below key support.
BTC fell below $66K, its lowest level since mid-August. The fear index is at 13, in “extreme fear” territory.
$73K has already been broken twice in 2026. Each time, the price fell to $60K. Coincidence? Maybe. But the market reads charts like these the same way.
The broader backdrop is also tough. Spot BTC ETFs lost $1.07 billion over the week, with seven consecutive sessions of outflows. The odds of a 25-basis-point Fed rate hike in December are around 90%. Try convincing money to stay in risk assets when the cost of money is rising.
Until BTC gets back above $73K, I’d consider $60K the base-case scenario.
What do you think—a bounce or further downside? 👇
#CryptoRay #BTC
The weekly candle closes below key support.
BTC fell below $66K, its lowest level since mid-August. The fear index is at 13, in “extreme fear” territory.
$73K has already been broken twice in 2026. Each time, the price fell to $60K. Coincidence? Maybe. But the market reads charts like these the same way.
The broader backdrop is also tough. Spot BTC ETFs lost $1.07 billion over the week, with seven consecutive sessions of outflows. The odds of a 25-basis-point Fed rate hike in December are around 90%. Try convincing money to stay in risk assets when the cost of money is rising.
Until BTC gets back above $73K, I’d consider $60K the base-case scenario.
What do you think—a bounce or further downside? 👇
#CryptoRay #BTC
