Bitcoin Bulls Must Clear $76K To Avoid New Lows In 2026
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Related: Bitcoin traders forecast short-term downside even as BTC price chases $68K
Data from Velo highlights the relatively flat market demand across Bitcoin’s spot and futures markets. Although traders appear to view instances where BTC’s funding rate turns negative as a buying opportunity, their confidence is largely absent during rallies into the bear flag’s trendline resistance.
Evidence of this is seen in Bitcoin’s aggregated open interest remaining pinned below $20 billion, a level not seen since Feb. 2 when BTC traded near $79,000.
Regarding Kibar’s $52,500 price prediction and its alignment with Bitcoin’s futures markets, Hyblock liquidation heatmap data shows a large number of leveraged long positions at risk of liquidation if BTC falls into the $63,000 to $65,000 range.
Below this is a liquidity gap, and the next block of open margin long positions starts in the $57,500 to $56,000 range.
The current price action essentially reflects a market that trades sideways and consolidates as traders search for capital flow or narrative-related factors that would push them into larger directional bets.
Until such a catalyst emerges, it’s likely that Bitcoin will continue to trade within its $10,000 range, with $60,000 as the lowest key support and $70,000 as the most challenging level of resistance.
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