Bitcoin Consolidation bearish Trading range Bitcoin / TetherUSBINANCE:BTCUSDTMR_GOLD_12Bitcoin was previously moving inside an ascending channel, indicating a healthy bullish trend. However, after reaching the upper boundary of the channel, sellers gained control and pushed the market sharply lower, breaking short-term bullish momentum. From a fundamental perspective, Bitcoin remains highly sensitive to Federal Reserve policy expectations, U.S. economic data, institutional ETF flows, and overall risk sentiment across financial markets. Any negative macroeconomic news, stronger U.S. dollar performance, or reduced institutional demand could add further pressure to the market. Conversely, positive crypto-related developments or renewed institutional buying could help stabilize price and support a recovery. Resistance ; 64K / 65K Support ; 61K / 59K If Bitcoin fails to hold this support zone, the next downside targets could be 61K and potentially 59K as marked on the chart. A breakdown below these levels would strengthen the bearish outlook and could trigger additional selling pressure. You may find more details in the chart, Trade wisely best of luck buddies. Ps; Support with like and comments for better analysis Thanks for Supporting.