$BTC Bitcoin has been under significant downward pressure, with prices falling back toward the $65K–$70K zone after broader crypto sell-offs and tech market weakness. Recent drops below key levels have revived bearish sentiment.
• Retail interest and search activity for BTC have spiked following sharp price moves, a typical sign of fear-driven trading environments.
Financial Times +1
TronWeekly
🔎 Technical Signals
• Momentum indicators remain tilted bearish with MACD and other oscillators suggesting room for further downside before a sustained trend reversal.
• Key psychological support levels to watch are around $60,000–$63,000 — a breach could fuel deeper corrections.
KuCoin
Financial Times
📊 Broader Market Context
• The crypto downturn has widened beyond Bitcoin, leading to exchange layoffs and structural adjustments (e.g., Gemini workforce cuts).
• Despite short-term weakness, some strategists argue long-term BTC remains attractive, especially relative to assets like gold once sentiment normalizes.
