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Ahmed Barakat
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The price of Bitcoin fell 5.5% to $61,322 in early trading today on news that it is the lowest level since February 6th, before it rose above $64,000 in the afternoon, and now stands at $63,300.
The move completes the entire rally, removing any rally ground that Middle East headlines have created for BTC prices over the past three months.
The erasure of it geopolitical premium issues beyond the price level alone. It’s a live stress test of the digital gold standard, and the test results, they’re not going to be impressive.
Bitcoin has had no effect on the conflict in the Middle East. It was sold with dangerous products and then it got on board with it. That is dangerous behavior, not a refuge.
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Bitcoin News: BTC Support at $60,000-$65,000 Is the Important Line Now
Data BTC’s current difficult support zone is between $60,000 and $65,000, and the price is directly inside it.
More specifically, BTC has fallen below the Short-Term Convinced Price, the average price of recent buyers, which historically serves as a pivot between bullish continuations and deep reversals.
A clean break below $61,000 at the close opens the next structural area near $58,000.
The chart structure is damaged but not broken. The 20-day moving average was breached in a bearish trend, a technical trend that coincided with A $1.85 billion settlement event who ripped and leveraged long positions.
Access to institutions through ETFs, which started aggressive buying in early 2026, has evolved into a two-way street; A few days out of the net now confirms what was a story of one-sided accumulation.
If BTC is in the $61,000 to $62,000 zone, the additional costs return to the negative, and the short-term holders are settled, a support meeting at $68,000 is established.
If the main support fails to arrive, Bitcoin connects between $ 62,000 and $ 65,000 as the market waits for the US jobs data or the Fed’s comment to set the next leg.
A daily close below $61,000 triggers a second push to $58,000, while the long-term price stability and previous rally areas provide next-day support.
