- Bitcoin remains range-bound near $65,500, consolidating after rejection from $90K highs.
- Derivatives open interest drops toward $45B, signaling reduced speculative risk and deleveraging.
- Spot flows show persistent outflows, indicating distribution outweighs accumulation momentum.
Bitcoin trades near $65,500 as traders assess whether the recent rebound marks stability or another pause before decline. The cryptocurrency remains under pressure after a sharp rejection near $90,000 triggered a broad corrective phase.
Price action on the four-hour chart shows consolidation rather than recovery. Consequently, market participants now focus on whether Bitcoin can defend its recent base above $60,000.
Technical Structure Signals Compression
Bitcoin rebounded from the $60,100 macro swing low and formed a short-term base. However, upside momentum remains limited below k…
Read The Full Article Bitcoin Price Prediction: BTC Struggles at $66K — Is $60K Back in Play? On Coin Edition.
Source: https://coinedition.com/bitcoin-price-prediction-btc-struggles-at-66k-is-60k-back-in-play/
