Bitcoin slump worsens amid SpaceX rout: Can BTC price hold $60K any longer?
Bitcoin has fallen more than 8% from its June high near $67,255 and is approaching a key test of $60,000 support. The move comes as a broader risk-off shift hits speculative assets, including a sharp post-IPO selloff in SpaceX that has erased much of its debut gains and weighed on tech sentiment. Nasdaq 100 futures also dropped sharply, reinforcing pressure on crypto. Bitcoin is behaving like a liquidity-sensitive risk asset: when investors cut exposure to expensive tech and growth stocks, crypto often sells off too. Technically, BTC may be forming a head-and-shoulders pattern on the four-hour chart, with a neckline around $61,000–$62,000. A decisive break below that area could confirm further downside, with a measured target near $55,000–$56,000. Bulls still retain control only if Bitcoin stays above $60,000.
