Bitcoin (BTC)

You cannot overturn the Tradfi system without infiltrating it.

@PiusSprenger

Bitcoin's monthly close was terrible. 🚨
It couldn't hold at MA50.
But instead of saying it has broken now, I say the danger started when it made daily closes under the needle it set.
Note the critical level 58.130..
There is a very small chance this area could be a bottom.
Since volume is very low, I don't expect a long‑term bottom.
Short‑term reaction rallies need to be evaluated.
In the worst scenario I think 30k will be the bottom.

Bitcoin is currently trading at $59,134, and the market is now attempting to reclaim the key $59,000 major support level after spending time below it.

We broke down through the $59,000–$59,500 zone yesterday, and price has been trading underneath it since then.

What we’re seeing now is buyers trying to push back into that area and reclaim it as support again.

This is the first real test of whether that breakdown was just a temporary flush or something more structural.

If Bitcoin can get back above $59,000–$59,500 and hold it, then the next level everyone will be watching is $61,000.

That’s where the momentum would need to follow through to confirm any real shift back upwards.

Above that, $63,500 is still the major resistance that hasn’t changed.

If we fail here again and get rejected back below $59K, then the market likely stays under pressure and a retest of the recent lows becomes more likely.

So right now it’s pretty straightforward.

We’re sitting right on a reclaim attempt after a breakdown, and the market is deciding whether this becomes resistance or turns back into support.

Watch this closely... 👀