#BTCMarketAnalysis
BTC has been bouncing around $65Kโ$70K levels, reflecting a range-bound market with weak directional conviction. ๏ฟฝ
CoinMarketCap +1
๐ Technical Indicators
๐ธ Short-term indicators suggest oversold conditions, which could spark relief rallies.
๐น RSI around neutral levels with high volatility means traders remain cautious.
๐ธ MACD still tilted bearish โ sellers retain an edge in momentum. ๏ฟฝ
Investing.com India
๐ Key Levels to Watch
๐ Support: Around $65Kโ$60K โ crucial zones for downside defense. ๏ฟฝ
๐ Resistance: ~$70Kโ$72K โ if broken with volume, bullish momentum may return. ๏ฟฝ
CoinMarketCap
Coinbase
๐ Short-Term Outlook
Bullish if BTC can hold support and break above $70K, potentially triggering short squeezes.
Bearish if volume dries up โ failure below $60K could open deeper corrections.
๐ Sentiment Snapshot
Market is not decisively bullish or bearish โ itโs stuck in consolidation + volatility mode with traders waiting for macro catalysts.
