Extreme Fear Critical Levels, All Eyes on the BTC Weekly Close🚨

BTC is hovering near $67.6K, and sentiment has shifted decisively into Extreme Fear. Yet price hasn’t collapsed. That divergence matters. When fear spikes but structure holds, the market is usually in one of two phases:

1. Late stage distribution before a breakdown

2. Final leverage washout before reversal

The weekly close will decide which.

📉 The Bearish Case: Weekly Close Below $60K

For bitcoin to close under $60K, three things likely need to happen:

1. A decisive loss of the $64K–$65K demand zone

2. Rising sell side volume into the weekend

3. Derivatives funding flipping deeply negative with sustained open interest expansion

A break below $60K would confirm a weekly lower low and shift structure into medium term bearish continuation. That opens liquidity pockets in the mid-$50Ks, where prior consolidation occurred. But right now, that breakdown hasn’t happened.

📈 The Bullish Case: Weekly Reclaim Above $70K

The more interesting scenario is a push back above $70K before weekly settlement. Why?

1. $70K is both psychological resistance and a structural pivot

2. A weekly close above it invalidates the recent breakdown attempt

3. It would mark a reclaim of the prior range high

Technically, BTC is compressing between $64K support and $70K resistance. Compression in high fear environments often resolves violently. If bulls defend $65K and force a short squeeze into the close, $70K+ becomes realistic.

So Which Is More Likely?

A weekly close above $60K is highly probable given current structure.

2. A close above $70K is possible but requires momentum expansion.

3. A close below $60K would require fresh downside catalysts and sustained selling pressure (not currently evident).

$BTC ‌

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