Bitcoin holds above $50K as analyst Plan C rejects breakdown thesis
TheRealPlanC walks through the on-chain and derivatives setup behind his $50K floor call, framing the level as a market stress test rather than a trigger.
Every Zipp story tagged #SupportLevel, newest first.
TheRealPlanC walks through the on-chain and derivatives setup behind his $50K floor call, framing the level as a market stress test rather than a trigger.
ETH is grinding at a $1,500 line that traders are watching harder than any multi-year macro forecast, while corporate treasuries keep stacking despite the weak chart.
The same scale that made BlackRock's fund the dominant spot $BTC vehicle now weighs on price when flows reverse, with $49K back on the table if $60K doesn't hold.
A clean break below the $58K floor resets the near-term tape: leveraged longs get flushed, options skew flips defensive, and the next bid is the low-$50s band nobody wanted to talk about.
The model's bull case requires a rotation back into BTC once Q2 tech IPO hype fades and ETF inflows re-accelerate; the bear case breaks if $58K fails and liquidity stays tight.
The technical floor that has anchored every BTC bear case since 2022 is now broken, and ETF outflows are doing the volume, not retail capitulation.
BTC is bouncing into a support zone that held through the yen carry unwind and the US election cycle, while Asian equities tank on Mag7-led Wall Street weakness.
A clean break under a level BTC has defended for weeks reframes the near-term setup: momentum traders will read this as trend confirmation, while spot buyers get the lower entry they have been…
The round $60K mark is no longer the level traders care about. With Thursday's core PCE forecast to print the hottest reading since late 2023, $59K is the support bulls now have to defend.
Losing $1.0850 turns it from support into resistance, and a tape that prints lower highs on fading volume does not give buyers a clean shot at $1.10.
The break below the long-held $60K floor reframes the tape from consolidation into capitulation, with leveraged longs and thin weekend liquidity amplifying the move.
The token's 1.8% slide to $1.1109 is the smallest of its recent losses, but the repeated return to the $1.05–$1.10 zone is the chart that matters: a break below puts $1.00 back on the table.
The session's 0.6% loss is the wrong story; the real read is that 85.8M tokens of sell pressure at 21:00 UTC got absorbed inside the broader $1.10-$1.30 range that's contained XRP for weeks.
Ethereum slipped below the $1,700 mark, a level that has served as a key psychological and technical support zone for…
Bitcoin has slipped below the $74,000 mark, a level that had been watched closely by traders as a near-term support…