📉 Recent Price Action
Bitcoin has come under selling pressure this week, slipping below key $65,000 support levels amid broader risk-off sentiment in markets. Several major news outlets report BTC dipped roughly 4–5 % and tested lows near the mid-$60k range after macro headwinds and tariff concerns weighed on risk assets.
🧠 Market Sentiment & Technicals
• Sentiment indicators show “extreme fear,” and institutional capital is leaving via spot Bitcoin $NVDAon ETFs, with notable outflows over recent weeks.
• Technical models paint a mixed picture: ranges between ~$62k–$70k dominate short-term trader focus, and key support around $60k is being watched closely.
• Some technical analysis suggests the possibility of deeper corrections if downside breaks accelerate toward lower bands, while reversal above ~$70k could ease selling pressure and trigger short covering.
📊 Macro Odds & Longer-Term Views
Prediction markets indicate increased probability of further downside toward $55k or lower in 2026, reflecting bearish trader expectations on macro uncertainties. Yet a minority of forecasts still see potential for a rebound if broader market conditions improve.
🔎 Key Levels to Watch
• Support: ~$62,000–$60,000
• Resistance: ~$70,000–$72,000
• Trend Drivers: tariff news, risk sentiment, ETF flows
Would you like a quick technical breakout summary (bull vs. bear case) for Bitcoin’s next 7–14 days?
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