Bitcoin Finds Its Footing A Week of Stabilizing After the Drop

Bitcoin spent the last week doing something the market desperately needed. It stopped falling. After flushing down to the $60,000 area, price found buyers willing to step in and defend that level, and so far that floor has held.

The bounce off $60K wasn’t explosive, and that’s a good thing. Instead of a panic reversal, Bitcoin worked its way higher and is now sitting around $68,880. That kind of action suggests stabilization, not desperation.

What really stands out is the range. Bitcoin has been moving inside roughly a $10,000 window, with $60K on the low end and the low $70Ks acting as resistance. Markets often do their best thinking inside ranges like this.

This type of sideways action shakes out weak hands without attracting too much hype. Traders who chased the move up got punished, and sellers who expected a full breakdown didn’t get it either. That usually sets the stage for a cleaner next move.

Momentum indicators have cooled off noticeably, which was badly needed. The market went from overheated to neutral in a short amount of time, and that reset gives Bitcoin room to move again without immediately running into exhaustion.

The key level to watch remains the bottom of the range. As long as $60K holds, the structure stays intact. Losing that level would change the conversation quickly, but so far buyers have done their job.

On the upside, Bitcoin needs to reclaim the low $70Ks with conviction to signal strength. Until then, this is a market digesting prior gains and letting emotions cool off.

For now, Bitcoin looks less fragile than it did a week ago. Building a base inside a wide range is not exciting, but it is how sustainable moves usually begin.