How Much Is BTC After Losing $66K?

Bitcoin has entered a critical phase. It is testing the lower bounds of its latest consolidation after a significant pullback from the recent 2025 high. The structure of the market now suggests that a potential accumulation zone is forming, with short-term fluctuations contained within an expanding channel.

However, the volatility remains high, and the coming periods could be important in determining if BTC can build a bottom above $60k or if another low to a support group of $50k or lower will appear.

Bitcoin Price Analysis: Daily Chart

In the daily time frame, BTC shows mixed signals. The price remains below both the 100-day (yellow, ~$80k) and 200-day (orange, ~$90k) moving averages, and within a broad descending channel. This confirms the bearish medium term trend. However, the current consolidation is forming above a strong support area around $60k, which coincides with previous areas of volatility and demand.

The RSI has recovered from deep, oversold levels near the bottom of the range, but has turned bearish again following a recent rejection of the $75k resistance area. Therefore, since the price is increasing at a low speed, another test of the necessary area of ​​$60k is likely in the coming days, and the trend of BTC in the short to medium term is highly dependent on the market’s response to this level.

BTC/USDT 4-Hour Chart

If you zoom in on the 4-hour chart, it can be seen that BTC has been forming an ascending channel, which is very similar to a large bearish flag. The stock has been rallying in a wide range between $60k and $75k over the past few months, bounded by both channel boundaries and key support and resistance levels.

The recent rejection from the $75k level is clearer on the 4-hour chart, as the short-term market structure has clearly turned bearish after a failed break above the channel and horizontal resistance area. This has led to a major decline in recent days, along the lower boundary of the channel, which is currently at risk of breaking.

With the RSI also sitting low, close to the oversold zone, the short-term outlook does not look good for buyers, as a bullish channel breakdown could lead to a further fall to the $60k area and make the market anxious again.

On-Chain Analysis

On-chain metrics highlight an important aspect of the current cycle. The LTH-SOPR/STH-SOPR ratio fell to levels below one, reaching values ​​similar to those seen during the accumulation phase at the end of the last market cycle in 2023.

In context, the LTH/STH SOPR ratio measures the profitability of long-term holders (LTH) compared to short-term holders (STH). Therefore, a ratio less than 1 indicates that LTHs are selling at a loss or even breaking even, while STHs are under significant pressure.

Historically, such depressed readings have been accompanied by bear markets and periods of strong accumulation. This suggests that the current decline in the metric may indicate capture from weak hands while patient investors accumulate BTC within a sustained range, potentially laying the groundwork for the next bullish leg.

However, this signal should also be accompanied by positive price action in the near term, as even strong hands cannot hold on to a major pullback forever.