Right now, I feel like the crypto market is in a very confusing phase. It’s not clearly bullish or bearish, more like it’s trying to decide the next move.
From what I'm seeing, Bitcoin (BTC) is trying to form a bottom. Buyers are putting effort to keep the price above $66,500, but honestly, every time price moves up, sellers are quickly pushing it back down. So clearly, bears are still active.
One thing that caught my attention is the data — around 8.2 million BTC are in loss right now. In the last bear market, it was about 10.6 million. For me, this shows that we are already near those undervalued zones where markets usually start stabilizing.
But I'm not fully convinced that the bottom is in yet.
Some analysis are saying that if this bearish pattern breaks, BTC can drop further — even towards $52,500. And yeah, there are some extreme views too, like $10,000, but personally that feels too negative in current conditions.
At the same time, people like Cathie Wood believe that such a big crash is unlikely now because adoption has improved a lot.
My view on BTC Right now
Price got rejected near the moving averages
Sellers are trying to break the support
If support breaks, bullish setup will fail
Levels I'm watching
$62,500
$60,000 (very important zone)
If price goes below this, we can see more downside and maybe panic selling.
On the upside:
If BTC manages to close above the moving averages
Then I think it can move towards $72,000
After that, $76,000 is the next level
And if $76,000 breaks, then we can see a strong move towards $84,000.
Final thought
In my opinion, the market is just waiting for confirmation.
Breakdown → more downside
Breakout → strong upside
So for now, I’m just staying patient and watching key levels instead of rushing into trades #BTC
