Bitcoin drops toward $60,000 as SpaceX rout shakes tech markets

Bitcoin dropped over 8% from its June high as SpaceX's post-IPO rout erased $600 billion in market value, putting the $60,000 support level at risk with analysts warning of a potential drop to $56,000.

• Bitcoin fell over 8% from June high near $67,255, testing $60,000 support
• SpaceX shares dropped 27% from post-IPO peak, wiping out $600 billion in market value
• Nasdaq 100 futures fell over 3%, putting index on track to erase $1 trillion
• A head-and-shoulders pattern on BTC's 4-hour chart targets $55,000-$56,000 if $61K-$62K neckline breaks
• Analysts say bullish structure remains active as long as BTC holds above $60,000

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