#BTCProbes60KKeySupportLevel The cryptocurrency market is leaving behind a turbulent week as the leading cryptocurrency Bitcoin (BTC) dips below the critical $60,000 support level.

According to data from analytics platform Santiment, Bitcoin has experienced a weekly decline of approximately 4.6% and is trying to hold just above this psychological threshold. However, the price occasionally falling below $60,000 has pushed bearish sentiment on social media to its peak.

After the sharp market decline, the community's target is Michael Saylor and his company MicroStrategy (now rebranded as Strategy), which holds a massive amount of Bitcoin. Bitcoin's price has lost more than 50% of its value since its peak of $126,000 in October, testing investors' patience.

Shareholders and law firms are preparing to initiate legal proceedings following the sharp decline in MicroStrategy (MSTR) and Strategy (STRC) shares. Allegedly, Saylor and his company are accused of:
Making Bitcoin investments appear much more profitable than they actually are,
Failing to adequately warn investors about new accounting rules and the massive paper losses that Bitcoin's high volatility could bring,
And making false statements that violate U.S. securities laws.

Santiment analysts noted that this anger in the community could be a "scapegoat search" (FUD) stemming from the market decline, and said that the topic was among the top 3 most discussed topics on social media throughout the week.

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