🚨 Bitcoin Tests $60K — Bear Trap or More Downside Ahead? 🐻📉
$BTC Bitcoin briefly dipped near $60,000 before rebounding, but on-chain data suggests this is a pause, not a trend reversal.
Metrics like Relative Unrealized Loss and wallet distribution still signal a bearish market, with retail investors accumulating while broader selling pressure remains.
📊 Key Levels to Watch:
$63,000 – Short-term resistance
$55,500 – Critical downside support
Despite the bearish tone, new wallet creation is rising, showing continued network interest.
🔍 BTC Outlook: Volatile, cautious, and data-driven.
#BTC #BitcoinGoogleSearchesSurge #RiskAssetsMarketShock #StreamerClub #Write2Earn