Headline: Bitcoin stuck in $60K–$70K range — analysts caution a true bottom isn’t guaranteed Bitcoin has been trading sideways between roughly $60,000 and $70,000 for about 12 days since the Feb. 5 sell-off. Some market participants see that band as a potential floor and springboard for recovery. Others, however, warn the market may not be out of the woods. Renowned on-chain analyst Willy Woo says the price action still looks like a strengthening bear trend. “I have bad news for the perma bulls. BTC is still strengthening its bear trend. Volatility is a key metric used by quants to detect trends,” Woo wrote, noting that Bitcoin’s bear phases historically begin when volatility spikes sharply and then continues to climb. He argues the bear only shows real signs of weakening when those volatility spikes peak later in the cycle; macro bottoms often arrive on a second or third, smaller volatility spike. In plain terms: holding above $60K isn’t proof the market has bottomed, and a drop into lower price bands could still happen if volatility and risk aversion widen. Woo also warned a bearish turn in global equities would likely drive Bitcoin into a deeper phase of the bear market, with a final tail phase triggered when capital outflows peak—an adjustment that could take months to play out. On-chain analytics firm Glassnode echoes the caution while pointing to pockets of accumulation. Its Accumulation Trend Score — a heat-map-style metric where darker shades signal heavier buying by large players — shows strong accumulation during past drawdowns, including the November 2025 decline and the post-LUNA / FTX shockwaves. Glassnode’s message: a convincing market bottom typically coincides with aggressive buying (darker shades) around the lows. If the score fades toward zero (lighter shades), it signals large holders are exiting instead of buying. That makes another leg down — potentially to $65K or lower — a realistic possibility unless buyers step in visibly. Short-term sentiment paints a slightly different picture. Options flow has shifted more bullish in recent days. Aurelie Barthere, Principal Research Analyst at Nansen, told AMBCrypto that options traders are “less bearish than they were ten days ago.” Over the past week, calls have outpaced puts, especially in block trades that tend to involve professional accounts. The dominant call strike is $75K, implying many traders are positioning for a breakout above the $60K–$70K range toward $75K. (Reminder: calls are bullish bets; puts are used for downside hedging.) Looking further ahead, Barthere cautioned that a sustained recovery will likely depend on bigger-picture catalysts: the outcome of the CLARITY Act, the U.S. midterm elections, and the broader macroeconomic environment that drives risk appetite. Disclaimer: This article is for informational purposes only and is not investment advice. Cryptocurrency trading carries high risk—do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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