Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the overall picture still remains bleek for the BTC bulls in the short term.

Bitcoin plunged to nine-week lows around $65,000, wiping out $1.8 billion in crypto positions and raising fears of a deeper move toward $60,000.

Bitcoin falls below $64,000, triggering $1.1B in liquidations. Bitcoin reaching $90K in June 2026 at 0.8% YES.