Early Bitcoin Dip Buyers Show Up But Will They Reverse The Trend?
When Bitcoin (BTC) finally escaped from its channel pattern and secured a multiple-day close above the $77,000 resistance, traders rejoiced and declared the downtrend over. Fast-forward to the present and BTC has fallen below multiple support levels and appears at risk of retesting $70,000, a 16% decline from its range highs. While billion-dollar spot BTC ETF outflows, resumption of combat between the US and Iran, concerns over rising inflation and growing fear that the CLARITY Act will not pass in the Senate are all factors in , the real question is whether spot and futures demand will kick in and stem the price decline. Since falling below $75,000 in February 2026, the level has served as an important support/resistance level. With $60,000 agreed upon by analysts as the cycle bottom for BTC, longer-term leverage was built around the $70,000 to $75,000 zone, and much of that is being cleared out this week. Liquidation heatmap data from Hyblock highlighted this dynamic, and in a post on X, the analysts , “On the higher lookback (1 month of liquidity), we continue stairwelling down, taking another large long liq cluster.” While revisiting the lower boundaries of Bitcoins 2026 range is far from ideal for bulls, a silver lining has









