Bitcoin’s (BTC) path back to all-time highs will likely depend on how deep the current correction goes. Historically, sharper drawdowns tend to take longer to recover from—meaning a deeper fall could potentially push a full recovery timeline out to as late as Q2 2027. On the flows side, spot Bitcoin ETFs have broken their four-week inflow streak, recording net outflows of $296.18 million for the week ending Friday. This comes after a strong run of over $2.2 billion in inflows across the previous four weeks, which had already begun slowing down last week. Macro conditions have also shifted. Markets have moved from expecting multiple Fed rate cuts to pricing in possible rate hikes, driven by persistent inflation concerns, particularly around energy prices. Oil remains elevated, U.S. equities have weakened, and even gold has seen a sharp pullback despite its safe-haven appeal.
Also Read: Decentralized Identifiers and the Shift Toward Self-Owned Digital Identity
At the time of writing, BTC was trading at $67,090.
BTC, after making a recent low of $60,000, formed a strong green candle and bounced to $71,750. However, the bulls failed to sustain a follow-through rally. Following this move, the asset continues to trade sideways within a range of $65,000 to $75,000, with low volumes forming a ‘rectangular pattern,’ where the upper horizontal trendline acts as resistance and the lower horizontal trendline acts as support. BTC attempted an upside breakout and made a weekly high of $76,000 last week. However, the bulls failed to maintain control of the asset and could not achieve a weekly close above the range. A breakout on either side of the range, supported by strong volumes, will likely determine the asset’s next trend.
Also Read: What is Blockchain? All About Blockchain Technology!
Key Levels
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $60,000 | $65,000 | BTC | $75,000 | $80,000 |
Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!
