$BTC Bitcoin continues to trade in a volatile environment, with prices fluctuating around mid-$60K levels. Recent data show BTC has sold off from higher levels and is facing significant market pressure — a 50% drop from its multi-month highs seen in late 2025. 
🧠 Technical Signals & Sentiment
Bearish Pressure:
• Analysts widely describe the market as in a capitulation phase, with sharp declines and increased selling from large holders (whales). 
• Multiple technical indicators (like RSI) are at oversold extremes, which historically can precede rebounds but also reflect deep selling pressure. 
Support & Resistance Levels:
• Key psychological support often discussed by traders is near the $60K–$65K range. 
• A break below this area may open the door for deeper pullbacks, while reclaiming higher thresholds could signal a stabilizing trend. 
📈 Possible Scenarios
Bullish case:
• Oversold conditions might attract buyers looking for dip entries, potentially triggering short-term rebounds if sentiment improves. 
Bearish case:
• Continued pressure could push prices lower if volatility persists and broader markets remain weak. 
