Bitcoin’s Downtrend Persists: Will $68K Hold or Crumble?

On the daily chart, bitcoin remains in a broader downtrend following a slide from the all-time high zone near $122,582 to a recent swing low of $59,930, representing roughly a 51% drawdown from the peak. Price has since rebounded toward the $68,000 region, but the recovery remains tentative. Candlestick structure shows large bearish bodies dominating the earlier $80,000 to $60,000 decline, followed by indecision candles near the bottom that suggest exhaustion rather than outright reversal.




