$BTC Price action remains choppy: BTC bounced back above ~$70,000 but has struggled to sustain strength — facing resistance near that level as volatility stays elevated. 
• Macro indicators showing potential base: Some on-chain data suggest a “bottom” formation not seen since 2022, with supply dynamics shifting. 
• Bearish pressure persists: Outflows from ETFs and realized losses are weighing on price, hinting a further pullback may occur before clear trend reversal. 
• Mixed trader sentiment: Analysts and traders are watching key support levels closely — failure to hold could bring lower targets into view, while bulls hope for rebound continuation. 
📈 Bullish Signals
• Some strategists call the current downswing the weakest bear case ever and maintain long-term targets as high as $150,000 for 2026, arguing fundamentals remain intact. 
• Price action shows resilience around critical zones, indicating buyers stepping in on dips. 
📉 Risks to Watch
• High realized losses and outflows could fuel further weakness if confidence deteriorates. 
• A break decisively under key supports might signal deeper corrective phases.
