$BTC is currently navigating a heavy "crypto winter" correction, down roughly 45% from its October highs. After a steep tumble from near $98,000, the bulls are fighting to hold the line.
The Breakdown:
* Current Price: ~$67,143.03
* Bearish Pressure: Price is trending sharply below the EMA(7), EMA(25), and EMA(99), with the moving averages sloping downward—a classic bearish alignment.
* Critical Support: All eyes are on the $60,000 psychological floor, which recently saw a major bounce.
* Market Sentiment: The Fear & Greed Index has plunged to 11 (Extreme Fear). While retail is panicking, on-chain data shows whales are quietly accumulating at these levels.
Outlook: BTC is currently in a sideways consolidation zone between $67,300 and $71,750. A break below $60k could open the doors to $50k, but holding here might signal a long-term bottom.
BTCUSDT
Perp
65,894.3
-2.33%