The crypto market is looking weak as major coins struggle to move higher. Bitcoin and top altcoins like SOL, XRP, BNB, DOGE, and ADA are all testing important support levels. If these levels break, volatility could increase in the coming days.
For Bitcoin, the $65,000 level is now in focus. There is strong liquidity below the current price, which makes it a likely short-term target. At the same time, price is trending lower while open interest is rising. This means more leveraged positions are building without a breakout. When this happens, the market often moves down first to clear liquidity before deciding its next direction.
Clay, a crypto analyst and YouTuber, shared his thoughts on the market. He said no one really knows where Bitcoin will go next, but panicking and selling at the bottom is a mistake.
“You want to buy at the bottom and sell at the top,” he said.
Recent analysis shows Bitcoin could test levels between $54,000 and $60,000. Technical charts suggest it might face some pressure, but moving averages around $57,000–$58,000 have acted as support in the past. Bitcoin recently bounced off these levels, which could mean the bottom is forming.
Clay also mentioned Bitcoin Hyper, a project building a layer-2 blockchain for Bitcoin. It recently raised over $31 million and is getting attention from investors.
Clay believes Bitcoin and these key altcoins could rebound strongly in the coming months.
The crypto market is under pressure, with Bitcoin near key support and altcoins testing lows. Volatility is rising as traders watch $65K closely.
Recovery depends on buyer strength at key support levels. A sustained bounce above resistance could signal trend reversal in coming weeks.
Market dips can offer opportunity, but timing is uncertain. Invest gradually, focus on strong projects, and manage risk carefully.
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