Bitcoin continues to trade in a volatile consolidation phase after its sharp pullback from the late-2025 all-time high near $126,000.
Current live price hovers around $66,000–$66,500 (down ~1.9–2.5% in the last 24 hours across major exchanges like CoinMarketCap, Yahoo Finance, and TradingView data).
The daily candle shows a bearish close in progress, with intraday lows dipping toward $65,600–$65,800 and highs failing near $68,200–$68,800. This reflects ongoing correction pressure after failing to hold above $70,000 resistance earlier in the week.
Quick Daily Chart Highlights:
Trend: Bearish short-term (down ~50% from ATH), stuck in a $60K–$72K range since early February. Recent rebound attempts from ~$64K have faded quickly.
Key Levels:
Support: $65,000–$66,000 (current zone holding for now), with deeper support near $62,500 (2/8 Murray level mentioned in analyses) or $60,000 psychological floor.
Resistance: $68,750–$70,000 (21 SMA / recent highs), then $72,000–$74,000 for any meaningful recovery.
Indicators (from recent charts): RSI around mid-40s (neutral but not oversold), potential bearish MACD signals lingering, and price testing lower Bollinger Bands or descending channels in many setups.
Market Context: Liquidations (~$252M in longs recently), mixed ETF flows (some inflows returning but price lagging), and macro factors like PPI data weighing on risk assets. Some analysts warn of a possible deeper drop revisiting historic bear patterns, while others see 41% upside potential to ~$95K if flows align.