$BTC May Fall Back to $65,100 — Dalio: “There Is Only One Real Gold” 🟡

#bitcoin showed a brief rise but failed to break out of its sideways range. A technical deviation near the top of this channel suggests BTC price may slide back to the lower border at $65,100 📉. If that movement don't happen, only a clear breakout above the flat range will confirm a new bull trend.

Meanwhile, veteran investor Ray Dalio warned that #bitcoin cannot replace real gold. He says central banks don’t back Bitcoin, and there’s no strong case for #bitcoin to hold it for long term 🏛. Dalio also noted the growing correlation between #bitcoin and tech stocks — a drop in demand of tech stock may cause price decline #bitcoin and make it more unstable in market turmoil.

Technically, $BTC remains in a full downtrend. Analysts still target a fall toward $57,500 (the 61.8% Fibonacci retracement) as the next major level to watch ⚠️. On shorter charts, a deviation from the sideways channel’s upper boundary (confirmed on the 30‑minute chart) adds the risk of downward movement of BTC.

Ethereum is also showing a similar picture. After losing about 55% since its key sell signal, it tested the top of its sideways channel and formed a deviation like Bitcoin. That also indicates to a downward movement of $ETH toward the channel’s lower border as well 🔄.

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