🚨 Bitcoin Slides Again! Bulls Struggle to Reclaim $69K 🚨
Bitcoin tumbled nearly 3% on Wednesday, hitting week-to-date lows near $66,500, as analysts warn bulls lack the momentum to break above the key $69,000 resistance.
📉 Failed Rally: After another rejection above $70K, Bitcoin remains trapped in a fragile consolidation zone. Keith Alan, co-founder of Material Indicators, calls $69K a “make-or-break level,” noting its historical significance from past cycles. Without strong bullish catalysts, this zone could turn from support into long-term resistance.
⚠️ February Pain: Bitcoin is down 14.4% this month, flirting with multi-year lows. Historically, February rarely closes lower—making this weakness unusual and alarming for bulls.
💡 Trader Insight: Analyst Killa notes Bitcoin often sets local tops and bottoms early in the month, hinting a potential bottom may be forming—but downside pressure remains strong, with historical patterns favoring short positions.
📊 Market Verdict: Unless buyer momentum returns, Bitcoin could struggle for months below $69K, keeping bulls on the defensive while bears dominate the scene.
🔥 Bottom line: $69K is the battleground. Bulls are fading, sellers are pressing, and Bitcoin’s next move could decide the tone for weeks ahead.
🎥 For detailed analysis, visit and follow my YouTube channel: Market Clarity Lab
#Bitcoin #USRetailSalesMissForecast #BinanceSquare #CryptoTrading #BTCUpdate
