"The technical levels have all been taken out on the downside, and I don't see much support here for Bitcoin,"
"general risk move."
"Markets generally view a resurgence of Warsh's influence as bearish for Bitcoin, as his emphasis on monetary discipline, higher real rates, and reduced liquidity frames crypto not as a hedge against debasement but as a speculative excess that fades when easy money is withdrawn,"
Cryptocurrency markets dropped sharply this week, with Bitcoin hitting just over $81,000 before settling near $84,000 by Friday. Markets were unsettled by President Trump's nomination of Kevin Warsh to lead the Federal Reserve, raising doubts about future interest-rate direction and monetary policy. Equity futures including the S&P 500 and Nasdaq fell alongside crypto assets, prompting liquidation of risky positions and pressure on major digital currencies and Bitcoin exchange-traded funds. Several analysts warned that technical support levels were breached and forecast further downside to roughly $70,000–$75,000, while some maintained a possible recovery toward $100,000 later in the quarter.
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