Bitcoin Price Analysis: BTC Holds Near $68K After Violent Selloff
Bitcoin (BTC) is trading near $68,000 after rebounding from an intraday low around $59,800, following a sharp selloff from the $84,000 region earlier this week.
The rebound was accompanied by elevated trading volume, indicating active participation after forced liquidations, not passive dip buying. While price has stabilized, BTC remains below key resistance, keeping the broader structure fragile.
The $68,000–$69,000 zone now acts as a critical acceptance area. Sustained trading above this range is required to confirm strength. Failure to hold could expose BTC to renewed downside volatility.
📌 Market Context
• Sharp selloff from $84K damaged short-term structure
• Bounce driven by volume, but lacks confirmation
• Price still below prior resistance = trend unresolved
Until BTC proves acceptance above resistance with follow-through, this move remains a reactionary rebound, not a confirmed trend shift.