The post Bitcoin Attempts Stabilization After Capitulation Wick—Can $70K Be Reclaimed? appeared first on Coinpedia Fintech News
Bitcoin is attempting to stabilize after a sharp liquidation-driven wick that briefly pushed the price toward the $60K region earlier this month. The daily structure still remains uncertain, but early signs of momentum stabilization are emerging as BTC price trades near $65,600, up roughly 2.4% over the past 24 hours.
However, the broader trend still reflects a series of lower highs and lower lows. Bulls have not reclaimed structural resistance yet. The real test lies ahead near the $70K–$72K supply zone.
Why Bitcoin Price Is Stabilizing Now
The recent bounce appears to be a reaction from a well-defined demand zone between $61K and $63K. This area absorbed heavy selling pressure and triggered short covering. Derivatives positioning has cooled, and funding rates are hovering near neutral to slightly positive. No extreme long imbalance is visibl
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