Bitcoin Price Analysis: Where Is the Bottom as BTC’s Correction Accelerates?
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitcoin has accelerated its correction over the past week, falling to around $65K after breaking below its daily ascending channel and the key $70K support zone. The drop through multiple support levels leaves deeper demand areas exposed, with the Adjusted SOPR metric signaling shifting holder profitability. The breach of the $70K threshold matters because it invalidates the prior ascending structure and raises the risk of a deeper drawdown. Traders are now watching whether BTC can reclaim $70K or whether the next demand zones will be tested.
Muhabbit's AI wrote this summary in its own words from CryptoPotato's report. It can get details wrong, so check the source.
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