What Happened
BTC USD is back in focus as K33 Research highlights a late-cycle trough with a likely consolidation in the $60,000–$75,000 zone. Currently, the BTC/USD pair trades near $66,972.5, significantly below its 50-day and 200-day averages. Recent on-chain data indicates a broad capitulation among Bitcoin buyers from 2025-26, suggesting a reset in market risk.
Why It Matters
The consolidation range of $60,000–$75,000 is critical as it suggests fading volatility and the potential for liquidity buildup for the next market impulse. For Canadian investors, this range translates to higher figures in CAD, influenced by USD/CAD fluctuations. K33 Research advises a patient approach, recommending staggered buys near the lower end of the band and caution against leveraging positions.
What’s Next
Market analysts are closely monitoring the situation, with a breakout accompanied by expanding volume and positive momentum seen as a key signal for shifting from accumulation to trend exposure. Additionally, renewed anxiety over corporate profits and uncertainty regarding US tariffs have contributed to Bitcoin’s recent decline, with prices dropping to nearly $64,300, the lowest since February 6. The market remains sensitive to geopolitical tensions, which continue to impact both cryptocurrency and gold prices.
