Foreign sources cited the view of the encryption analyst that bitcoin was still in the process of being sorted out and had yet to make a real breakthrough. Market sentiment is also influenced to some extent by Strategy ' s STRC priority share. According to analysts, the BTC could only be a trigger point for a market rebound if it was back on the line of $66,000.
$66,000 remains critical
If bitcoin continues to fall below this level, the analysts do not think it will be sustainable. If the price goes down first, refreshs the low points and recovers the lost ground quickly, it may be seen as a stronger rebound.
The 200-week mean line is considered to support
At the same time, analysts mentioned that it was more important to hold the 200-week line this week. This position has served as a reference at the bottom of the market over the past several cycles.
Strategy financing chain pressure
Another analyst pointed out that STRC fell by $100, not only to weaken the priority share, but also to shock the Bitcoin growth model of Strategy. The previous practice was to issue STRC, which was close to $100, to buy BTC with funds.
Increased rhythm could slow down.
If STRC continues to be below nominal value, Strategy ' s financing costs will rise and the attractiveness of distribution will decrease. According to analysts, this could weaken the “priority equity, bitcoin” financial cycle and slow down the growth of BTCs in the future.