•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Bitcoin (BTC) traded with muted momentum for much of the week after a turbulent prior month that coincided with a broader crypto market downturn. Over the past week, the top cryptocurrency fell by just over 10%, with analysts pointing to weakness in the tech sector and a sequence of negative events that have weighed on overall crypto sentiment.
As BTC slid, key support levels were tested, prompting differing interpretations among market participants. Veteran analyst Peter Brandt said Bitcoin could decline further, potentially to $42,000, after a recent price slump. In a Friday post, Brandt referenced a long-running price path pattern and warned that a further move could follow if a major support level is breached. He added that if Bitcoin “digs into the Banana peel” as deeply as in past bear-market cycles, bulls may not need to endure much further than $42,000.
Brandt also pushed back on claims that Bitcoin’s chart shows a head-and-shoulders top that could imply a move toward the $25,000 area. He said the recent structure is better described as “a broadening top followed by a large flag,” and urged traders to redraw their charts accurately.
Not all analysts shared a cautious outlook. JPMorgan reiterated a bullish long-term stance on Bitcoin, maintaining a price target of $266,000. In a report led by managing director Nikolaos Panigirtzoglou, the bank argued that Bitcoin is becoming increasingly attractive relative to gold, particularly as weakness in risk assets such as technology stocks has encouraged investors to seek alternative stores of value.
Asset manager Bitwise also framed the recent correction as an opportunity. Speaking to CNBC on Saturday, Bitwise CEO Hunter Horsley said market participants are interpreting Bitcoin’s move below $70,000 differently: long-term holders are becoming more cautious, while new and institutional investors view the pullback as a potential entry point. Horsley said Bitwise clients invested a net $100 million during the dip below $77,000, adding that trading volumes remain active with both sellers and buyers.
Crypto analyst Michaël van de Poppe, founder of venture capital firm MNCapital, suggested Bitcoin may have formed a near-term bottom. On Sunday, he pointed to a “capitulation candle” on BTC’s weekly chart. Van de Poppe said consolidation and tests of lower levels remain possible, but strong buying pressure could drive Bitcoin toward $65,000–$70,000, with potential tests near $85,000.
On-chain indicators also suggested institutional accumulation. Crypto analytics firm CryptoQuant reported that on Friday, 66,940 BTC—about $4.6 billion—were transferred to accumulator addresses, described as the largest inflow in the current market cycle. The data was interpreted as major holders increasing positions during the downturn, which could help support market stability.
At press time, Bitcoin was trading at $67,711, up 1.59% over the past 24 hours.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
