Is Bitcoin Headed for $65K?

Bitcoin recently fell from over $81,000 to around $75,000 due to broader economic instability triggered by new U.S. tariffs under President Trump. These tariffs fueled a global "risk-off" sentiment, prompting investors to retreat from risky assets like cryptocurrencies.

Despite the sharp drop, Bitcoin displayed resilience, maintaining a strong market dominance of 62.71% and staying within historically normal valuation ranges. Key support levels are between $75,000 and $70,000, with a further decline potentially testing $65,000.

While futures liquidations worsened the sell-off, Bitcoin’s stability hints at a potential rebound if macroeconomic concerns subside. The market remains cautious, but Bitcoin’s long-term outlook remains solid.

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