Bitcoin rebound hype fades as range highs crumble: Here’s why BTC is volatile

💡 DMK Insight

Bitcoin’s struggle near $66,000 signals deeper issues in market sentiment and liquidity. The retreat toward its 2026 low highlights a concerning trend: without fresh capital inflows, the bullish momentum is stalling. Weak investor sentiment is compounded by increased selling pressure in spot markets, which could lead to further declines if not addressed. Traders should keep an eye on the $66,000 level—if it breaks, we might see a cascade effect, pushing prices lower and potentially triggering stop-loss orders. This could also impact correlated assets like Ethereum, which often follows Bitcoin’s lead. On the flip side, if Bitcoin manages to hold above this level, it could attract bargain hunters looking for a rebound. Watch for any shifts in trading volume or news that could reignite interest in the crypto space, as these could be pivotal in determining the next move.