Bitcoin price risks correction to $62,000 as bullish volume weakens
Bitcoin price faces growing downside risks after rejecting major resistance near $69,700. Weak bullish volume and loss of key support levels now raise the probability of a corrective move toward $62,000.
Bitcoin’s (
$BTC ) recent recovery rally appears to be losing momentum after price action encountered strong resistance at a critical technical zone. The market briefly pushed higher but failed to sustain acceptance above a key Fibonacci resistance level, signaling exhaustion among buyers.
Bitcoin price key technical points
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