Macro headwinds test Bitcoin as $70K support wavers amid US volatility

💡 DMK Insight

Bitcoin’s struggle to breach $70,000 signals potential volatility ahead. The recent failure to maintain momentum above this psychological level coincides with a concerning shift in a key US macroeconomic fear metric. This could indicate that traders are becoming more risk-averse, which often leads to increased selling pressure in the crypto markets. If BTC can’t reclaim the $70,000 mark soon, we might see a retest of yearly lows, particularly if broader market sentiment continues to sour. Keep an eye on the $65,000 support level; a break below could trigger further downside. On the flip side, if bulls manage to push BTC back above $70,000, it could reignite bullish sentiment and attract more institutional interest. Watch for volume spikes around these levels, as they could provide clues about the next significant move. The next few days will be crucial for determining whether this is a temporary pullback or the start of a more extended downturn.