Bitcoin price is heading for weekend collapse to $61k – will a social media post from Trump save it?

Bitcoin is heading into the weekend with broken near-term structure, elevated macro pressure, and a political catalyst that now sits close to the center of the market’s risk map. The technical setup has deteriorated in steps over the past two weeks. The macro backdrop has stayed tight as Treasury yields press higher and Middle East risk continues to filter through oil, inflation expectations, and rate-sensitive assets. Layered on top of both is a familiar variable from recent months, President Donald Trump’s public messaging on Iran, which has repeatedly shifted sentiment across stocks, bonds, oil, and crypto. His prior weekend social media forays on Tariffs, Venezuela, and Greenland all had similar effects on the market. Trump has done most of his major announcements this year while markets are closed, and right now, things are set up for another intervention. Within the channel framework tracked since the spot Bitcoin ETF launch period, BTC price has already done the hard part of a bearish rotation. It lost the upper $73,000s, failed to reclaim $71,500 with conviction, rolled through $68,000, and then slipped below $66,900. That sequence leaves the market in a lower value area as Friday trading gives way to the weekend. In this structure, the next defined support channel lies between $61,700 and $61,100. For now, $61,700 stands out as the next major level that could come into play if macro pressure stays firm and no fresh de-escalation signal arrives from Washington. Bitcoin price chart showing a sharp late-week drop toward $61,000 after several days of volatile trading. Related Reading New Bitcoin signal shows where BTC is likely to decide its next move Akiba's new Bitcoin price-channel tool reveals the levels repeatedly triggering bounces and breakouts. Mar 9, 2026 · Liam 'Akiba' Wright Across 400 total interactions with the defined channel boundaries, 304 were bounces, 44 were breaks higher, and 52 were breaks lower. That distribution shows a market that sti...