Bitcoin don drop to $65,426 as $60,000 support dey near
Bitcoin (BTC) fall reach $65,426 after small rebound lose momentum. Traders dey watch $60,000 level for fresh support as liquidations, spot Bitcoin ETF outflows, and technical breakdowns dey pressure the market. US–Iran geopolitical headlines add to risk sentiment, but analysts talk say the main drivers na positioning and ETF flows.
One veteran chart analyst dey see broadening triangle fit extend losses to around $56,000 unless BTC recover key resistance round $75,000. Buyers dey expected to defend the $65,000–$60,000 zone, though relief rally still fit face ongoing selling. Better bottom signal likely need move above about $77,000.
Major altcoins still weak. Ether (ETH) dey struggle near $1,750 support; if e lose am e fit open route to $1,550. BNB weak under $687, with $628 as line in sand. XRP dey eye $1.11 after e break support, Solana (SOL) need $67 to hold, and Dogecoin (DOGE) dey test the $0.09 area.
Relative strength dey show for HYPE, ZEC and XLM, as dem show clearer technical demand compared with the broader selloff.
Bearish
Di tok say artikel sey di move na wan bearish setup we mainly dem force liquidations, spot Bitcoin ETF dem wey dey comot money, and technical weakness dey drive am, and say geopolitics (US–Iran tensions) na more like amplifier for risk-off sentiment rather than di real cause. Dis kain mix dey usually make di downside continue once support don scatter, because leverage go reset and selling pressure fit still dey even if price do small bounce.
Short-term, BTC dey trade for clear “decision zone” round $65,000 down to $60,000. If dat band fail, di next likely target dem mention (round $56,000) match how markets dey quicken during trend breakdowns. Similar past selloffs—wey ETF outflows meet liquidation clusters—often give choppy rebounds wey fade quick till dem reclaim higher resistance level (here, ~ $77,000).
For altcoins, di cascading breakdown of support levels (ETH, BNB, XRP, SOL, DOGE) show say people dey reduce risk broadly instead of rotate into majors. Dat one support bearish bias. Di only small counter-signal na relative strength for HYPE, ZEC, and XLM, but without BTC stabilization, dem fit remain tactical trades no be full market reversal.
Longer term, to find bottom go need not just price wick into support but confirmation by reclaiming key resistance and steadying liquidation/flow dynamics—conditions wey di artikel dey imply never meet yet.