đš Bitcoin Slides Again! Bulls Struggle to Reclaim $69K đš
Bitcoin tumbled nearly 3% on Wednesday, hitting week-to-date lows near $66,500, as analysts warn bulls lack the momentum to break above the key $69,000 resistance.
đ Failed Rally: After another rejection above $70K, Bitcoin remains trapped in a fragile consolidation zone. Keith Alan, co-founder of Material Indicators, calls $69K a âmake-or-break level,â noting its historical significance from past cycles. Without strong bullish catalysts, this zone could turn from support into long-term resistance.
â ïž February Pain: Bitcoin is down 14.4% this month, flirting with multi-year lows. Historically, February rarely closes lowerâmaking this weakness unusual and alarming for bulls.
đĄ Trader Insight: Analyst Killa notes Bitcoin often sets local tops and bottoms early in the month, hinting a potential bottom may be formingâbut downside pressure remains strong, with historical patterns favoring short positions.
đ Market Verdict: Unless buyer momentum returns, Bitcoin could struggle for months below $69K, keeping bulls on the defensive while bears dominate the scene.
đ„ Bottom line: $69K is the battleground. Bulls are fading, sellers are pressing, and Bitcoinâs next move could decide the tone for weeks ahead.
đ„ For detailed analysis, visit and follow my YouTube channel: Market Clarity Lab
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