#BTC
One could make a case for Seller Exhaustion on this recent bout of Bearish Acceleration
Bitcoin crashed right into the ~$60,000 historical demand area (purple) on high sell-side volume
Previous crashes which occurred on high seller volume in this Bear Market actually preceded temporary local bottoms to kickstart limited rallies of relief before additional macro downside over time
Therefore, this $60k historical demand area is very likely a weakening support so while a short-term rebound could make sense...
Over time price is likely to breakdown to new 2026 lows
The most important level are the February 2026 lows and if they act as resistance then $60k may not be able to prop price up for too long
$BTC #Crypto #Bitcoin
