High
The article highlights that failure to hold the $69,000 support level could lead to a significant decline, potentially over 5% and down to $64,000-$66,000. a deeper corrective phase could even push the price below $60,000.
High
Bearish
The article suggests that if bitcoin cannot reclaim and hold $69,000 with momentum, it risks falling to lower support levels ($64,000-$66,000) or entering a deeper corrective phase potentially below $60,000. an inability to break ascending channel resistance further supports a bearish outlook.