Bitcoin continues to trade within a tight range, but underneath, structural weakness is becoming increasingly apparent. As the price held below the key level of $72,000, which now acts as a resistancethe broader technological outlook remains fragile, and any short-term consolidation may simply mask an underlying danger.
Bitcoin Enters Clear Correction Phase
Bitcoin entered a clear correction phase after rising above the $120,000–$125,000 area. Crypto analyst Alejandro₿TC notes that the weekly structure has broken to the bottom, the latter leg is opening in a hurry, a sign that the momentum is currently in favor of sellers rather than buyers.
Related Reading
A key level to watch is the $72,000–$74,000 area. Previously serving as strong support, this area has now been lost and turned into resistance. As long as Bitcoin continues to close below this range on a weekly basis, any upward movement should be considered a corrective bounce rather than confirmation of continued strength. retreat.
On the other hand, the $50,000–$52,000 region stands out as the main magnet. This area represents an area with significant weekly demand and a quick pre-meeting basis. If bearish stress persists, it becomes a more logical target for intensive follow-up.
The upcoming monthly shutdown in 11 days could be decisive. A close below $72,000 will confirm the decline and increase the chances of a further downside. Structurally, i the market it remains weak below that level, while a decisive retracement of $74,000 would mark the first meaningful signal that strength is returning.
Pressure Intensifies Around $68,000
With to waver pressure as prices trade within an increasingly narrow band, Bitcoin continues to hover around the $67,000–$68,000 region. The lack of decisive movement in both directions suggests that the market is building up the potential for a big move.
Related Reading
In accordance with In Columbus, liquidity continues to grow above the $70,000 level, and significant bids remain placed between $64,000 and $66,000. With liquidity piling up on both sides, the market is effectively crammed into the opposition, waiting for a catalyst.
The longer Bitcoin stays stuck within this reinforcing structure, the more aggressive it eventually becomes Get out it tends to be. Compression phases like this usually end in a strong move, as one side of the market is forced to unwind positions.
From here, continued acceptance above the $69,500–$70,000 area would likely open the door to momentum for heavier gains. On the other hand, the failure to recover that boundary keeps the downside probes between the $60,000s playing tight, especially if the bids start to shrink under pressure. The next decisive step will likely be driven by which side of the coin is targeted first.
Featured image from Pixabay, chart from Tradingview.com
