Michael Saylor Says Bitcoin Drop A 'Capital Rotation' To AI

BTC

BTC/USDT

$63,053.27

-0.04%

$63,053.27

-0.04%

(24s)

24h Volume

$2,468,497,651.99

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

Bitcoin Magazine Editorial

(03:36 PM UTC)

1 min read

Approved bySarah Chen

0 comments

Bitcoin fell to as low as $61,400 overnight before trimming losses to $62,400 in premarket hours Thursday, down 7% over the past 24 hours and more than 14% over the past week. Strategy and Michael Saylor’s MSTR is down nearly 15% in 5 trading days.

The drop has pushed bitcoin into a technical bear market, with bitcoin now off 22.7% from its four-week high, wiping out more than $600 billion in…