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I was recently looking at Bitcoin charts and it seems to have reached a kind of decision point. Over the past few weeks, the price has mainly been oscillating between $66K and $75K , and it’s clear that buyers and sellers are engaged in a strong game within this range. Sellers are holding each rally while buyers are trying to maintain support.
From a technical perspective, things look quite weak. The price is still below the main moving average, which many analysts interpret as a sign of weak pressure. Open interest trends are also declining, indicating a cautious stance. The most interesting part is the spot flow data — there is still significant outflow, meaning people are still selling and taking profits.
However, the key point here is that if Bitcoin can break $75K , it could be significant. This level is a real resistance point, and surpassing it could generate momentum. On the other hand, if it fails to hold $66K , we should be prepared for a deep decline. So far, the market is waiting for a decision.