$BTC Bitcoin: Weekly Close Below $60K or Reclaim $70K? đš
Fear is dominating the market right now. Standard Chartered suggests $BTC could dip toward $50,000 before we see any meaningful bounce, and theyâve reduced their year-end projection to $100K due to softer demand.
Heavy deleveraging is underway â Futures Open Interest has dropped to $31Bâ$35B, the lowest levels since late 2024. With this flush-out, the $60,000 support zone is now under serious pressure.
Is this the final shakeout before a rebound, or are we heading lower? đđ