Bitcoin (CRYPTO: BTC) is approaching two key price levels that could decide whether the market enters its next expansion phase or extends its ongoing reset lower.

Bitcoin traded near $74.6K on May 23 as bearish momentum, key support levels and sell signals dominated charts.

Bitcoin (CRYPTO: BTC) is approaching two key price levels that could decide whether the market enters its next expansion phase or extends its ongoing reset lower.

Enflux says “the bid is there” but no one is adding size, while Glassnode data shows easing selling pressure alongside weaker market activity.