Bitcoin is showing signs of weakness as it battles to stay above the critical $59,000 level. Despite recent ETF inflows, market sentiment remains cautious due to rising U.S. interest rate fears and a strengthening dollar.
📉 $BTC dipped to $58,300 before bouncing slightly – indicating strong short-term pressure.
Meanwhile, long-term holders are staying calm, but retail interest is fading. The next support sits near $56,800, while resistance remains at $61,000.
🧠 Analysts suggest:
– Accumulation phase could be ongoing
– Whales are quietly buying the dip
– A breakout depends on macroeconomic data
Is this just a healthy correction or the start of a deeper pullback?
📊 Keep an eye on volume and ETF flows – the next move could be big.
