Is Bitcoin Price (BTC) Heading Below $26K?

Bitcoin (BTC) is down almost 2% over the last 24 hours and back below $27,000 at $26,700 as investors continue to weigh the implications of the U.S. debt ceiling deal and last Friday’s strong employment report. U.S. stock index futures are little-changed Monday morning following last week’s strong rally in equities. Laurent Kssis, crypto advisor at CEC Capital, sees bitcoin dropping below $26,000 this week. “With summer getting closer, no obvious catalysts, dealers are not keeping inventories and any large selling order may trigger selling pressure,” he said, noting that long liquidations are currently triple those of short liquidations.

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