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Bitcoin Holds $66K Amid Deep Capitulation Signals: Is a $40K Bottom Still Ahead?
Bitcoin is currently trading at $66,000, teetering on a perilous edge as market attitude changes from cautious optimism to a conservative “wait-and-see” mentality. The leading cryptocurrency, down 1.7% over the past day, was unable to hold onto its intraday high of $68,300 on Thursday. Now, analysts caution that a “capitulation zone” has developed, where a liquidity drain and significant selling by long-term holders may push prices toward the $40,000–$50,000 level before the year is out. chart Bitcoin’s present technical environment is becoming more and more characterized by “capitulation,” a stage ... (full story)
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