BTC/USD – Rejection at $65K, Downside Risk to $62K–$62.5KBitcoinOANDA:BTCUSDMike_Forex_BTCBTC/USD – Rejection at $65K, Downside Risk to $62K–$62.5K Bitcoin continues to trade below the $65,000 resistance zone, and momentum looks fragile. Key drivers: 🔴 ETF outflows — spot Bitcoin ETFs are seeing renewed selling pressure, signaling waning institutional demand in the short term. 🔴 Regulatory delay — the Clarity Act's timeline has been pushed back, removing a potential near-term catalyst and adding to macro uncertainty. Technical outlook: $65,000 remains the key level to reclaim. As long as price stays capped below it, the path of least resistance is lower. A failure to flip this zone into support increases the probability of a move toward the $62,000–$62,500 demand area, where buyers may look to step back in. Levels to watch: Resistance: $65,000 Downside target: $62,000–$62,500 Invalidation: A strong daily close back above $65,000 would weaken the bearish case Not financial advice — for educational/informational purposes only. Always manage risk.