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Will Bitcoin drop to $60K again? 🤯👇

$BTC is currently trading at $69,134, down 1.87% in the past 24 hours. Over the last week, Bitcoin has pulled back 12.2% from $78K to $69K, triggering rising fear across the market. The big question now: Is this just a healthy correction or the start of a deeper drop?

Technical Analysis 📊

The Bitcoin Fear & Greed Index has plunged to 10 (Extreme Fear) a zone that historically aligns with institutional accumulation, not panic selling. On the charts, $68K–$66K is a major liquidity zone and high-timeframe support. A clean loss of this region could open the door to a sweep toward $62K–$60K, where massive demand sits. However, as long as BTC holds above this support cluster, this move still looks like a normal bull-market retracement, not trend reversal.

Market Outlook 🔍

A dip to $60K is possible but not guaranteed. If it happens, it would likely be a liquidity grab, not a collapse. Macro structure remains bullish, ETF inflows are steady, and on-chain data shows long-term holders are not distributing. Historically, extreme fear zones have offered some of the best risk-reward long entries. In bull markets, fear is where wealth is built.

#BTC Price Analysis# #Macro Insights#