Kraken VP Warns Bitcoin Price May Fall to $50,000 if Support Levels Not Held

Bitcoin's Vice President at Kraken, Matt Howells-Barby, predicts a possible decline to the lower $50,000 range if it fails to hold the critical $60,000 support level. He cites geopolitical tensions and macroeconomic pressure as reasons for the sharp correction, noting that a "death cross" hasn't occurred yet, which suggests a possible further decline. Analysts advise focusing on risk management due to high volatility.