Bitcoin Eyes Lower Support as Analysts Warn of Weak Bounce

[cryptoenthusiast]

Bitcoin (BTC) is facing renewed downside pressure as price action remains stuck in a tightening range near $66,000. Analysts point to a lack of strong upward momentum, with repeated lower highs suggesting bulls are struggling to regain control. Despite brief macro boosts — including modestly improved US jobless claims data — market sentiment remains cautious.

Crypto trader Michaël van de Poppe warned that Bitcoin appears poised to “test lower” in search of support, noting the absence of a convincing rebound. Liquidation data shows heavy positioning between $68,000 and $71,000, a zone some analysts believe could attract price action next. However, with $64,000–$66,000 acting as short-term support, traders are watching closely for a decisive breakout or breakdown before the week closes.

[nihalsari]

Every tiny bounce feels like it needs motivational coaching.