Bitcoin price is heading for weekend collapse to $61k – will a social media post from Trump save it?
Bitcoin's structure is broken amid macro pressure, pointing toward a potential weekend drop to $61,700, dependent on Trump's social media commentary.Summary
Bitcoin is entering the weekend with deteriorated technical structure and elevated macro pressure from rising Treasury yields and Middle East risk affecting oil prices. This bearish setup is complicated by President Donald Trump's history of shifting market sentiment via weekend social media posts, particularly regarding Iran.
Technically, BTC has broken key support levels, failing to reclaim $71,500 and rolling through $68,000 and $66,900. This breakdown positions the next defined support channel between $61,700 and $61,100. For a bullish recovery, Bitcoin must reclaim $66,900, with $68,000 being the more critical threshold, and $71,500 representing the level needed for broader structural repair.
The political overlay means a weekend post from Trump signaling de-escalation regarding Iran could offer temporary relief, potentially pushing prices toward Monday's open. However, if rhetoric hardens or no calming message arrives while yields and oil remain firm, the broken structure exposes Bitcoin to a further leg lower toward the $61,700 support level.
(Source：CryptoSlate)