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Analysts Warn: Bitcoin May Fall to $60K—or Even $50K

Bitcoin’s drop to $74.5K has analysts eyeing deeper corrections if key support levels break, with downside targets ranging from $69K to $50K.

• Main Points:

  • BTC Hits 4-Month Low: Fell to $74.5K after global tariff fears.

  • EMA Breakdown Risk: $77.5K level critical; failure could trigger $69K test.

  • Saylor’s Entry Price: $67K seen as another potential support.

  • Glassnode Heatmap: $71.6K is the largest support cluster below $80K.

  • Bear Market Scenario: Breakdown could extend to $50K based on past trends.

• Detailed Insights:

  • Macro Pressure: Trump’s tariff stance spooked risk markets globally.

  • Key Technical Zone: 50-week EMA often marks bull-bear cycle boundaries.

  • Max Pain Level: $69K is where weak hands typically exit.

  • Cost Basis Signal: Over 50K BTC bought near $74K—holders not panicking.

  • Worst-Case Target: 200-week EMA points to $50K if long-term trend breaks.

Related: Saylor’s Strategy Pauses Bitcoin Buys Amid $5.91B Unrealized Loss

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XRP Price Slides Amid Tariffs, Liquidations & Weak Derivatives Demand

XRP fell sharply alongside the broader crypto market, hit by macro fears, major liquidations, and declining trader interest—clouding hopes for a near-term recovery.

• Main Points:

  • Price Drop: XRP fell to $1.96 on April 7 amid market-wide sell-off.

  • Macro Pressure: U.S. tariffs reignite global trade war fears.

  • Heavy Liquidations: $59M in long XRP futures wiped out in 24 hours.

  • Weak Derivatives Demand: Open interest is down 63% from January highs.

  • Bearish Sentiment: Negative funding rates dominate since early March.

• Detailed Insights:

  • Market Sentiment: Tariffs dampen global trade confidence, hit XRP’s use case.

  • Historical Parallel: Last big liquidation event saw a 40% price drop.

  • Open Interest Signal: Capital leaving the market worsens downside pressure.

  • Funding Rates Trend: Negative rates signal trader bets on continued decline.

  • Short-Term Outlook: Weak derivatives data suggests limited rebound potential.

Related: BTC & ETH Test Key Support Levels After Tariff-Fueled Drop

Schiff Trolls Saylor’s “1 BTC = 1 BTC” Take Amid Crash

Gold bug Peter Schiff throws shade at Michael Saylor’s Bitcoin mantra, reviving the debate over BTC’s value during turbulent markets.

• Main Points:

  • Saylor's Post: Reiterated “1 BTC = 1 BTC” during market crash.

  • Schiff’s Reply: Sarcastically agreed, calling it all BTC is worth.

  • Ongoing Critique: Schiff says Bitcoin lacks intrinsic value.

  • Gold vs. BTC: Schiff calls gold a true store of value and utility asset.

  • No Debate Yet: Schiff claims Saylor dodged a public debate in 2021.

• Detailed Insights:

  • Schiff’s Argument: Bitcoin is driven by hype, not fundamentals.

  • BTC’s Correlation: Schiff notes BTC moves with risk assets, not safe havens.

  • Gold’s Use Case: Points to industrial use, including BTC mining gear.

  • Saylor's Silence: Still no formal response or debate acceptance.

  • Strategy Warning: Schiff predicts financial trouble for Saylor’s firm.

Related: Michael Saylor: Bitcoin's Success

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results