Momentum is tightening as Bitcoin approaches a decisive support zone between $60,000 and $56,000.
This long-standing trendline has held firm since 2017, acting as a base for major reversals. Each previous touch sparked explosive rallies, including gains of 963% in 2017 and over 1,100% after the 2020 crash.
Even during the 2022 decline, price rebounded with a strong 660% surge. The chart shows consistent reactions at this level, reinforcing its importance as a structural support.
Now the spotlight returns to this critical floor, as highlighted by Ali Martinez. Price action is compressing just above the trendline, suggesting a buildup phase before a larger move
Buyers appear to be stepping in near $60,000, attempting to defend the zone. A confirmed hold could trigger renewed bullish momentum and attract fresh capital into the market.
However, losing $56,000 would weaken confidence and expose Bitcoin to deeper downside pressure, making this zone a defining moment for the next market direction.
Bitcoin faces $67K–$50K risk zone as FOMC sell-off pattern repeats
Bitcoin’s pattern around Fed decisions is hard to ignore, and the chart highlights repeated sharp pullbacks.
Each of the last six FOMC meetings triggered declines between 6% and 30%. The structure shows consistent sell-offs following brief consolidation phases.
According to analyst Ted, even the smallest historical drop points toward $67,000. That level aligns with recent support zones formed after the latest bounce near $70,000.
The deeper risk becomes clearer when looking at larger red zones on the chart. Some past reactions erased nearly a third of Bitcoin’s value in short periods.
A similar 30% decline would push BTC toward $50,000, a major psychological level. Ted suggests both $67,000 and $50,000 could be tested during 2026 volatility.
The current price action already shows weakening momentum after failing near $90,000.
Bitcoin eyes $71K recovery after a sharp drop, indicators show caution
Bitcoin remains under pressure after a clear downtrend from above $95,000. The price dropped sharply toward the $60,000 zone before stabilizing.
As of the writing, Bitcoin price is currently exchanging hands at $71,168.51, up by about 1.75% for the past 24 hours.
A base then formed between $62,000 and $68,000 as volatility declined. Recent movement shows a modest recovery, with price climbing toward $71,000 and currently trading near $71,210.
Despite this bounce, the structure still reflects lower highs, keeping the broader trend cautious.
The indicators suggest early signs of recovery but lack strong confirmation. The MACD shows a bullish crossover, with the MACD line moving above the signal line.
However, the histogram is beginning to weaken, signaling slowing momentum. Meanwhile, the RSI sits near 51, reflecting neutral conditions without strong buying or selling pressure.
The RSI trend is slightly upward, indicating improving demand, but not enough to confirm a sustained uptrend.