Bitcoin in ‘later stages’ of bear market: Watch these BTC price levels

💡 DMK Insight

Bitcoin’s drop to $69,283 signals a critical juncture for traders: the late bear market phase is often where accumulation happens. With BTC down 44% from its all-time high of $126K, traders should be eyeing key support levels around $65K. If this level holds, it could set the stage for a potential rebound, but a break below could trigger further selling pressure. Onchain metrics are showing increased wallet activity, which often precedes price reversals. However, the sentiment remains cautious, and many are still waiting for clearer bullish signals before committing capital. Here’s the thing: while mainstream narratives focus on the bear market, savvy traders know that these dips can present buying opportunities. Watch for volume spikes around the $65K mark, as they could indicate institutional interest returning to the market. Keep an eye on the upcoming weekly close; a strong close above $70K could shift sentiment significantly.