Bitcoin Price Prediction: What Is the Most Probable Next Move for BTC as Momentum Stays Weak?
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Bitcoin is experiencing a downtrend after losing critical support levels, with weak momentum indicating potential for further declines. The price is confined within a descending channel and below key moving averages, highlighting a bearish market structure.
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Bitcoin is trading under sustained pressure after losing key higher-timeframe support levels, with the price structure showing a clear transition from distribution to a developing downtrend. Momentum remains weak, and recent rebounds appear corrective rather than impulsive, keeping downside risk elevated in the near term.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, the asset continues to respect a descending channel while trading below major moving averages, confirming bearish market structure. The rejection from the mid-range resistance zone and subsequent sharp sell-off toward the low-$60K region reinforces that sellers still control trend direction.
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