$BTC Bitcoin is trading between $67,000-$75,000, down significantly from its all-time high of $126,210 reached in October 2025.
The market has experienced sharp declines, with BTC down around 7-10% in the last 24 hours and approximately 15-23% over the past week.
Technical Outlook
The technical picture is concerning:
- Multiple technical analysts show strong sell signals, with Bitcoin in a falling trend channel indicating negative momentum and declining buy interest.
- The RSI is below 30, suggesting the asset may be oversold but also reflecting strong pessimism among investors.
- Bitcoin has broken through key support levels around $74,000-$88,000, with analysts warning of further downside if support doesn't hold.
Market Context
Recent market volatility has been driven by risk-off sentiment and trade-war concerns between the EU and US, affecting broader crypto markets.
The market has seen over $800 million in liquidations recently.
However, there are some positive factors: rising institutional and corporate demand continues to support BTC.
Bottom Line
Bitcoin is currently in a bearish trend after dropping roughly 40% from its all-time highs. While oversold conditions could trigger a short-term bounce, the technical setup suggests caution until clear support levels hold and momentum indicators improve.