Short-term trend: Facing downward pressure and key support level tests



Recently, Bitcoin's price has experienced a significant pullback, and market sentiment is leaning towards pessimism.

Key short-term levels: Currently, Bitcoin's price is fluctuating around $66k. On the technical side, the recent key support levels are between $61k and $62.6k. If these are broken, the price could further decline to the $55k to $60k range.

Bearish outlook: Some forecast markets predict that Bitcoin has nearly an 80% chance of falling below $60k by 2026, and some models even predict it could drop below $40k before the end of October.

Rebound conditions: If the price can sustain a breakout and stabilize above $73.8k, it may signal a bullish turning point, with a potential rise to $76.5k and above. $BTC
BTC-2.86%
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