Bitcoin Price Prediction: BTC Struggles at $66K — Is $60K Back in Play?
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Bitcoin trades near $65,500 after a sharp rejection from $90,000, indicating pressure and potential for further decline. Derivatives open interest falls to $45B, reflecting reduced speculative risk. Persistent outflows suggest that distribution is outpacing accumulation in the market.
- Bitcoin remains range-bound near $65,500, consolidating after rejection from $90K highs.
- Derivatives open interest drops toward $45B, signaling reduced speculative risk and deleveraging.
- Spot flows show persistent outflows, indicating distribution outweighs accumulation momentum.
Bitcoin trades near $65,500 as traders assess whether the recent rebound marks stability or another pause before decline. The cryptocurrency remains under pressure after a sharp rejection near $90,000 triggered a broad corrective phase.
Price action on the four-hour chart shows consolidation rather than recovery. Consequently, market participants now focus on whether Bitcoin can defend its recent base above $60,000.
Technical Structure Signals Compression
Bitcoin rebounded from the $60,100 macro swing low and formed a short-term base. However, upside momentum remains limited below k…
Read The Full Article Bitcoin Price Prediction: BTC Struggles at $66K — Is $60K Back in Play? On Coin Edition.
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Coins
$ 64.77K
-3.94%
$ 0.00232
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In This News
Coins
$ 64.77K
-3.94%$ 0.00232
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Bitcoin Price Prediction: BTC Struggles at $66K — Is $60K Back in Play?
Share:
Bitcoin trades near $65,500 after a sharp rejection from $90,000, indicating pressure and potential for further decline. Derivatives open interest falls to $45B, reflecting reduced speculative risk. Persistent outflows suggest that distribution is outpacing accumulation in the market.
- Bitcoin remains range-bound near $65,500, consolidating after rejection from $90K highs.
- Derivatives open interest drops toward $45B, signaling reduced speculative risk and deleveraging.
- Spot flows show persistent outflows, indicating distribution outweighs accumulation momentum.
Bitcoin trades near $65,500 as traders assess whether the recent rebound marks stability or another pause before decline. The cryptocurrency remains under pressure after a sharp rejection near $90,000 triggered a broad corrective phase.
Price action on the four-hour chart shows consolidation rather than recovery. Consequently, market participants now focus on whether Bitcoin can defend its recent base above $60,000.
Technical Structure Signals Compression
Bitcoin rebounded from the $60,100 macro swing low and formed a short-term base. However, upside momentum remains limited below k…
Read The Full Article Bitcoin Price Prediction: BTC Struggles at $66K — Is $60K Back in Play? On Coin Edition.
In This News
Coins
$ 64.77K
-3.94%$ 0.00232
Share:
In This News
Coins
$ 64.77K
-3.94%$ 0.00232
Share:
Read More
Bitcoin rebounds after $100B tariff whiplash — but $60k options price target hints at bigger risk