BTC could fall to low $50K range if $60K support fails

Bitcoin could fall to the low $50,000 range if it fails to hold the key $60,000 support level, according to Kraken VP Matt Howells-Barby. In a statement to Cointelegraph, Howells-Barby noted that Bitcoin, like stocks, has undergone a sharp correction, attributing it primarily to tariff uncertainty similar to that seen last April. He added that geopolitical tensions could also act as a short-term bearish factor. Should the $60,000 support level fail, he stressed that a drop to the low-to-mid $50,000s is possible. Cointelegraph further explained that historically, Bitcoin has often not formed a clear bottom until its 50-week moving average crossed below the 100-week moving average in a "death cross." This precedent suggests a potential for further declines below $50,000 before such a crossover and a broader market sell-off occur.