Bitcoin stabilizes near key support as high liquidations and volatility highlight fragile dynamics and lingering uncertainty in the market trend.
Bitcoin($BTC) is holding above the $67,000 level, but beneath the surface, price action shows a market still searching for a clear direction after weeks of sustained volatility. $BTC It is currently trading at $67,242.84, representing a modest gain of 0.5% over the past 24 hours.
During the session, the price fluctuated within a defined daily range between $65,932.08 and $68,371.34. This relatively wide intraday band highlights continued volatility even as Bitcoin stabilizes near its mid-range, suggesting that buyers and sellers remain active near current levels.
At the same time, the market structure reflects strong underlying size and liquidity. Bitcoin The market capitalization stands at around $1.34 trillion, up 0.85%. Trading activity remains high, with 24-hour volume reaching $50.86 billion, also up 12.3%, confirming sustained participation across all markets.
Despite the latest intraday recovery, overall performance remains mixed, with $BTC up 0.5% on the day but still down 4.7% over the last 7 days. However, the next decisive breakout or breakout could determine whether $BTC is preparing for further upward expansion or extending its broader consolidation phase.
Bitcoin Price Analysis
Bitcoin’s technical structure remains fragile, with its price still trading near the lower limit of its volatility range. Immediate support is now established around the lower Bollinger band near $60,012, which served as a critical point of defense during the recent selloff. This level represents the last major volatility floor before the deeper psychological zone around $60,000.
1D Bitcoin Chart
So far, $BTC managed to hold above this band and stabilize near $67,541, suggesting that buyers are attempting to form a short-term base. However, any decisive daily close below $60,012 would signal further downside expansion and could accelerate selling pressure towards lower structural support areas.
On the upside, resistance remains firmly established and continues to limit recovery attempts. The first barrier exists at the midline of the Bollinger Band, located around $77,007. This level now constitutes the main recovery threshold and marks the point where the broader trend would begin to neutralize. After that, the upper band near $94,003 represents the long-term resistance zone.
Additionally, volatility indicators reinforce the high risk environment. The average true range currently stands at around 4,016, reflecting a significantly widened price action compared to previous consolidation phases. This high ATR confirms that recent price fluctuations are significant but have started to decline.
Liquidation of Bitcoins
Bitcoin is recent liquidation data reveals that in the last 24 hours, total liquidations reached approximately $145.92 million, with short positions accounting for $82.71 million, compared to $63.20 million for long liquidations.
Bitcoin liquidation data
However, the broader 12-hour liquidation structure presents a more balanced but still volatile picture. Total liquidations reached $16.30 million, with long positions accounting for $10.11 million and short positions accounting for $6.20 million.
Shorter time frames reinforce the tendency for aggressive short-side pressure. In the last four hours alone, total liquidations reached $3.20 million, with $2.66 million coming from short positions and only $544,510 from long positions.
