$BTC Bitcoin The Struggle for Stability

Bitcoin’s recent attempt at a recovery has stalled, with the cryptocurrency dropping 4% on Wednesday to approximately $66,166.

The Big Picture: Bitcoin is currently trading roughly 47% below its October all-time high of $126,000.

Range-Bound: After dipping to a critical support level near $60,000 on February 5, BTC bounced back but is now stuck in a volatile range between $66,000 and $72,000.

Ongoing Volatility: Despite the brief recovery above $70,000, the digital asset continues its downward trajectory as it struggles to find a consistent upward catalyst.