Current situation:
BTC is around $64k (its lowest level since August).
The market is in oversold territory (RSI is very low), so a short-term bounce is possible.
If $65k holds, we could see a bounce toward $68k–$70k.
What’s needed for a rally:
ETF outflows need to stop; money is still flowing out continuously.
Demand will increase if inflows begin.
Fear of a Fed rate hike needs to ease. If there’s no hike in December or the Fed gives a dovish signal, risk assets could rise.
Reclaiming $68k–$70k would be the first strong signal that sellers are weakening.
Realistic view:
An immediate rally (10%+ in 2–3 days) → unlikely, because macro pressure (the dollar and interest rates) is still strong.
A bounce/recovery ($70k–$75k within 1–2 weeks) → moderately likely, especially if $65k support holds.
A major rally (to $80k+) → still seems a long way off; ETF inflows and easing rates would be needed.
Bottom line:
Support at $65k could trigger a bounce, but a solid rally will require institutional buying to return.
For now, it’s a wait-and-watch zone.
$BTC $ETH $BNB
#WhoWillSucceedJensenHuangatNvidia? #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinActiveSupplyInProfitDropsBelow45%
BTC is around $64k (its lowest level since August).
The market is in oversold territory (RSI is very low), so a short-term bounce is possible.
If $65k holds, we could see a bounce toward $68k–$70k.
What’s needed for a rally:
ETF outflows need to stop; money is still flowing out continuously.
Demand will increase if inflows begin.
Fear of a Fed rate hike needs to ease. If there’s no hike in December or the Fed gives a dovish signal, risk assets could rise.
Reclaiming $68k–$70k would be the first strong signal that sellers are weakening.
Realistic view:
An immediate rally (10%+ in 2–3 days) → unlikely, because macro pressure (the dollar and interest rates) is still strong.
A bounce/recovery ($70k–$75k within 1–2 weeks) → moderately likely, especially if $65k support holds.
A major rally (to $80k+) → still seems a long way off; ETF inflows and easing rates would be needed.
Bottom line:
Support at $65k could trigger a bounce, but a solid rally will require institutional buying to return.
For now, it’s a wait-and-watch zone.
$BTC $ETH $BNB
#WhoWillSucceedJensenHuangatNvidia? #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinActiveSupplyInProfitDropsBelow45%