š Current Market Snapshot
$BTC is trading under pressure and recently consolidated below key levels, hovering around the mid-$60,000s according to live price data.
Technical indicators show sideways movement and defensive market behavior, with potential for further downside if support fails.
š Technical and Cycle Insights
Some analysts point to a possible corrective phase or extended consolidation into 2026, citing completed major wave patterns and resistance areas that have not yet broken convincingly.
Prices have pulled back from recent highs after a peak above $125,000 in 2025, and the BTC market appears range-bound with mixed short-term signals.
š® Outlook & Forecast Perspectives
Bearish / Cautious Views
Standard Chartered recently lowered its target, warning BTC could dip toward $50,000 before rebounding, and trimmed its end-of-year target to ~$100,000.
Technical studies suggest a possible revisit of lower support zones if current consolidation breaks down.
Bullish / Longer-Term Views
Some forecasts still argue that post-halving conditions and improved liquidity could support upside later in 2026.
Longer horizon models and institutional interest are cited by other analysts as supportive for potential mid-cycle rallies.
š Key Levels to Watch
Support zone: ~$60,000ā$65,000
Resistance zone: ~$72,000ā$80,000
Bullish breakout target: Above prior highs (~$100,000+) ā if renewed strength emerges
