$BTC Bitcoin has experienced extreme volatility in recent days, plummeting over 15% on Thursday to dip near $60,000—its sharpest single-day drop since 2022—amid heavy liquidations exceeding $1 billion and broader market sell-off pressure. This followed a more than 50% correction from its all-time high above $126,000 in late 2025. However, BTC staged a powerful rebound on Friday, surging more than 10-11% to reclaim levels above $70,000, currently trading around $70,300–$70,600. This sharp recovery suggests buyers stepped in aggressively at oversold levels, with some on-chain indicators showing persistent bearish funding rates but signs that the worst of the panic selling may have eased temporarily.

Short-term outlook remains cautious yet with bullish reversal potential on the candle chart. The recent price action formed a deep V-shaped recovery, with strong bullish candles pushing price back above key psychological support near $70,000 after testing much lower. While the broader trend is still corrective and bearish below recent highs, the dramatic bounce indicates possible short-term exhaustion of sellers. Watch for sustained closes above $71,000–$72,000 to confirm further upside momentum; failure here could lead to ret

BTC
BTCUSDT
67,248.4
+0.71%

esting lower supports around $65,000 or below.

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