Bitcoin Under Pressure: 18% Crash to $52,900 Possible Amid Weak Demand
The Bitcoin market is navigating a precarious phase as selling exhaustion battles stagnant buying interest. While cooling holder losses suggest a potential floor is forming, the lack of aggressive spot demand is preventing a decisive breakout, leaving the asset vulnerable to further downside.
With Bitcoin currently trading below its critical recovery test near the $69,000 mark, the technical outlook remains cautious. Analysts warn that unless spot demand intensifies, an 18% correction toward the $52,900 level is a highly plausible scenario for the near term.
Bitcoin sellers are showing signs of fatigue, yet weak demand keeps a potential 18% drop to $52,900 on the table. While cooling holder losses are supporting a higher low, the absence of significant buying pressure in the spot market is stalling any meaningful momentum.
As it stands, Bitcoin remains stuck below its first major recovery test near $69,000. Without a surge in demand to drive the price upward, the market remains susceptible to a deeper retracement toward the $52,900 support zone.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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