Bitcoin returns to the price that capped 2021, defined 2024, and now tests the rally again
- Bitcoin is back at $66,900, the exact spot that defined 2024 and capped 2021. After a brief flirtation with the low-$80,000s, BTC has returned to the "repair or ruin" shelf. A June 2 flash crash triggered $400 million in liquidations, proving that leverage is still the market’s favorite suicide pill. The old map is back: reclaim $68,000 to prove strength, or break $66,900 and invite a trip to the low-$60,000s. Macro headwinds from Treasury yields and ETF outflows aren’t helping, but at least the price action is predictable. Unlike your portfolio, which likely got liquidated trying to catch this falling knife. Stay sharp, stop over-leveraging, and let the chart decide if we’re rebounding or rotting.