Bitcoin Holds Above $60,000 After Sliding Nearly 50% From $126,000 Peak, Analyst Says

Bitcoin has fallen nearly 50% from its October peak above $126,000 and is trading below $65,000. Analyst Michaël van de Poppe said BTC is holding the 200-week moving average and is “refusing to drop deeper,” arguing that sell pressure remains limited despite multiple negative headlines. He cited the Iran conflict, concerns around STRC tied to Strategy’s fundraising for additional BTC purchases, spot Bitcoin ETF outflows, and renewed inflation alongside a lack of Fed rate cuts. Van de Poppe added that holding above the $60,000 support suggests the downturn may be largely finished.