#BTC Bitcoin remains under selling pressure, struggling to hold key levels below $70,000 after a large recent correction. �
Barron's
The market has experienced heavy liquidations of leveraged long positions, intensifying downside moves. �
The Economic Times
Macro factors like strength in gold and risk-off sentiment in tech stocks are pulling capital away from BTC short-term. �
MarketWatch
Bitcoin has seen significant drops from recent highs, including moves below $64K–$60K intraday lows, showing persistent volatility. �
The Economic Times
Bearish sentiment dominates with extreme fear readings, hinting traders prefer safety or shorting over buying. �
Some analysts point to weak institutional demand (ETF outflows) that could prolong BTC’s downtrend. �
BTCC
If BTC fails to reclaim resistance above ~$71K–$74K soon, further downside toward lower support levels is possible. �
Short-term technicals show BTC trading below major moving averages, reinforcing bearish momentum. �
BTCC
Relief rallies have occurred, but bearish sentiment can trigger more short squeezes or volatility ahead. �
Overall, BTC’s current phase looks like a corrective/downtrend environment, not yet confirming a strong rebound. #BTC #GoldSilverRally #USIranStandoff #RiskAssetsMarketShock $BTC
