Bitcoin bear market not over? Trader sees BTC price 'real bottom' at $50K

💡 DMK Insight

Bitcoin’s bearish outlook at $70,362 signals potential macro lows, echoing the 2022 bear market. Traders should be cautious; if BTC breaks below key support levels, we could see a cascade effect similar to last year’s downturn. The sentiment is shifting, and many are bracing for a repeat of the volatility that characterized previous cycles. Watch for resistance around $75,000—if BTC can’t hold above that, it might trigger further selling pressure. On the flip side, if institutional players start accumulating at these levels, it could create a floor. But right now, the prevailing sentiment leans bearish, and the risk of a deeper correction looms large. Keep an eye on the daily charts for any signs of reversal or continued weakness.