Bitcoin (BTC) dropped to around $60,000, then bounced back above $70,000, but couldn’t hold that momentum for long. 📉➡️📈
Now trading near $66,000, many traders fear additional downside, while others believe the $60,000 zone could act as a strong bottom. 🧠💭
At this stage, one analyst suggests BTC may regain strength if it manages to consolidate between $65,000 and $70,000.
In an interview with DL News, analyst Thomas Perfumo explained that Bitcoin has a solid chance of rebounding once price stability is established within that range. 🔎
He also highlighted that options market traders are positioning for lower volatility while BTC moves sideways in this zone, signaling expectations of a calmer market. ⚖️
Perfumo pointed out that similar patterns occurred during Bitcoin pullbacks in August 2024 and March–April 2025, when sharp sell-offs and intense volatility were eventually followed by recovery rallies. 🚀
👉 “Historically, Bitcoin showed the same behavior during its corrections in August 2024 and March–April 2025.”
In both situations, the market absorbed the heavy selling pressure, volatility cooled off, and prices gradually moved higher again. 📊
To reinforce his outlook, Perfumo referenced on-chain metrics, particularly the Coin Days Destroyed (CDD) indicator. After spiking in 2024–2025, CDD has recently dropped to relatively low levels, suggesting long-term holders are selling less.
According to the analyst, this decline in long-term selling pressure reduces supply stress and creates a healthier environment for price stabilization and potential recovery. ✅📈 #BTC #bitcoin
