Bitcoin’s price continues to weaken and the market currently shows no sign of having enough energy for a significant reversal. Low volumes, technical breakdowns to the downside, and the absence of real panic suggest that bitcoin may test much lower levels before resuming growth.
You might also like:Best crypto wallets in 2026: TOP 10 places to hold Bitcoin and Ethereum
Weak volumes favor the bearish scenario
Bitcoin is gradually approaching the lower boundary of the bearish structure, where the zone around $72,000 is emerging as the nearest important area. If buyers fail to take the initiative here, selling pressure could quickly increase and the market may start approaching deeper price targets again.
Technically, bitcoin has also broken down from a rising wedge, confirming the weakening dynamics of the previous growth. As long as the price does not return above important resistance levels and volumes do not significantly recover, the scenario of a decline to $52,000 remains relevant.
Read more: Tickmill broker review: Assets, platform and fees
The real bottom may only come with extreme fear
The bitcoin market has a long-term tendency to shift from optimism to panic and back. This is why the phase when real fear, capitulation, and the exit of so-called weak hands appear in the market may be important for forming a solid bottom.
What’s interesting, however, is that bitcoin simultaneously appears relatively cheap compared to the U.S. stock market, which is valued very highly relative to the size of the economy. If the historical correlation between risk assets begins to restore, bitcoin may have room for a stronger bounce—a similar view is currently shared by major players such as BlackRock.
Don’t miss: crypto4me review: regulated European platform for easy cryptocurrency purchases
