Bitcoin traders may want to pay close attention. A fresh market analysis is sounding the alarm on what could be the cryptocurrency’s next major correction, with price targets between $63,000 and $68,000 now being floated as a realistic downside scenario.
The warning comes as Bitcoin continues to struggle near key resistance levels despite maintaining a broader bullish structure. According to the chart analysis, current price action resembles a classic setup where liquidity is swept above recent highs before a sharp move lower catches late buyers off guard.
The analyst points to weakening momentum and a potential market imbalance that could drag BTC into a deeper retracement. While long-term sentiment remains constructive, the short-term picture appears far less certain. In fact, the projected correction zone aligns with areas where significant buying interest previously emerged, making it a logical destination if selling pressure accelerates.
Of course, Bitcoin has a habit of defying expectations. Still, with volatility returning and traders increasingly divided on the next move, the coming sessions could prove decisive. The question now is simple: is this the final shakeout before another rally, or the start of something bigger?