Bitcoin Obituaries Keep Coming—CZ Isn’t Buying It
Bitcoin posted its lowest weekly close since late 2024 and fell more than 8% over seven days, dragging the wider crypto market to its weakest levels of the year. Traders are focused on a technical divergence: the weekly RSI is making higher lows while price makes lower lows, a setup that previously appeared near Bitcoin’s 2022 bear-market bottom. Bitcoin has repeatedly bounced near $60,000, making that level the key support to watch. Nearby resistance sits around $65,000–$66,200, with a stronger ceiling from roughly $67,000 to $77,000. If $60,000 fails, the next likely downside area is $53,000–$55,000. Altcoins have dropped even harder: Ethereum is down nearly 14% on the week, Solana about 14%, and XRP around 6%. Sentiment across crypto remains sharply negative despite signs of oversold conditions.
