The Bitcoin price is under pressure again. After weeks of choppy trading, selling has picked up, and sentiment has turned sharply negative. The Crypto Fear & Greed Index has dropped to 5, placing the market deep into “Extreme Fear” territory. Readings this low are rare. They usually show up during panic-driven sell-offs or extended downtrends.
Bitcoin has been forming a clean descending channel with a series of lower highs and lower lows. After the rejection from the highs, here’s how the trend has been and could reach in the next few days.
125K → 82K → 98K → 62K → 79K → 43K
Inside this channel:
- Rallies stall near the upper boundary.
- Support gets tapped repeatedly.
- Volatility compresses over time.
Compression like this doesn’t last forever.
Key Levels to Watch
Major Support: $43K- This marks the lower boundary of the channel. A clean break below it could trigger acceleration.
Upper Channel Resistance: Around $70K- A strong close above this area would begin to invalidate the bearish structure.
Structural Shift Level: $79K—Bitcoin needs to break above this previous lower high to confirm a change in trend.
Breakout or Breakdown Ahead?
Right now, the Bitcoin (BTC) price structure still favors the bears. But compression means a decisive move is getting closer.
If Bitcoin Breaks Higher: A confirmed close above the channel, followed by a successful retest, could shift momentum. The first upside target would sit near $79K, with further room toward $98K if buyers regain control.
If Bitcoin Breaks Lower: A daily close below $43K could open the door toward the $35K–$38K region. That’s where the next major liquidity pocket may sit.
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