Bitcoin breaks below key levels, Joe Consorti notes

Bitcoin breaks below key levels, Joe Consorti notes
Bitcoin dips below $74,000 and STH cost

Bitcoin dropped sharply, breaking the short-term holder (STH) cost basis at $75,800 and briefly dipping below $74,000 before recovering. Joe Consorti highlighted that the next level to watch is $73,100, which he described as the 200-day moving average.

Joe Consorti previously reported on the S&P 500’s largest ever single-day loss, with about $3 trillion erased. He also highlighted risks from falling AI prices and record-high $1.1 trillion debt interest impacting $40 trillion in government debt. Consorti’s recent comments follow earlier coverage of major moves in both equity and technology-driven markets.

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