📉 Bitcoin just dropped below $60,000 — and everyone is asking why? Let’s break it down in under 1 minute 👇
🔻 1. Mt. Gox BTC Repayment FUD Over $1.7B worth of Bitcoin is being returned to Mt. Gox victims after more than a decade. 🚨 Traders fear they’ll dump those BTC into the market.
🔻 2. German Government Selling BTC Germany has reportedly sold 3,000+ BTC from confiscated assets in the past few days — causing panic across the market.
🔻 3. Strong US Jobs Data The US employment report came in strong. That means interest rate cuts may be delayed — which is bad news for risk assets like crypto.
### 📊 Key Technical Levels to Watch:
- Support: $58,800
- Resistance: $61,500
- RSI: Oversold zone (below 30)
### 💬 What do YOU think?
Will BTC drop below $58K next? 👇 Comment your thoughts and let’s discuss!
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