High
Despite a recent bounce, several analysts warn of a potential retest of the $60,000 level, where the 200-week moving average sits. failure to hold the $68,000 support could lead to a deeper correction, with some suggesting a bottom around $52,040.
High
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Bearish
While bitcoin bounced from $60,000, analysts highlight that wicks are often filled, suggesting a retest of $60,000. key support at $68,000 (ema200) is crucial; if it fails, a drop below recent lows is possible. the mvrv pricing band also hints at a bottom around $52,040. additionally, the $70,000 area shows early signs of flipping into resistance, potentially leading to further consolidation or bearish acceleration within the post-halving range.