Bitcoin critic and financial analyst has revealed critical BTC support level
He pointed out that while seasoned Bitcoin enthusiasts are accustomed to substantial price drops, newer investors who hold Bitcoin through ETFs may face unexpected challenges if prices decline.can hold $60K. Otherwise it's a long way down. All the hard core Bitcoiners are use to big drops. But the newbies who own the ETFs are in for a rude awakening.After the passing of the halving event, Bitcoin has been stalling around the $64K-$66K price range.
If successful, the next resistance lies between $69,900 and $71,200. Bitcoin encountered a hurdle near $67,220 after continuous gains and is now trading at $66,120, down 0.12% in the last 24 hours."The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It's a failure," Schiff remarked.Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto.
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