$BTC price Short-Term (1-2 Weeks): Bitcoin is likely to test support at $60,000. If this level holds, consolidation may occur. If it breaks, further declines are expected.

Medium-Term (3-8 Weeks): Continued bearish momentum suggests potential further downside. A bullish reversal requires breaking above $70,000 with significant volume.

Both the daily and weekly charts indicate bearish momentum, with the next critical support level at $60,000. Breaking above $70,000 is essential for a bullish trend reversal.

A silver lining is last weekly $BTC price touched the 21 MA for the first time since the halving. The new week opens below the 21 MA. If this continues for a few weeks, repeating what happened after the 2016 halving, a solid springboard can form. (The white dot is the 21 MA.)