Bitcoin Price Analysis: What’s Next for BTC After Tanking to $66K?

BTC has entered a phase of consolidation after a sharp decline from January highs near $100k. The price action shows that BTC has been respecting a broad ascending channel. The primary current support area is around $60k, and resistance is near the $75k mark. Short-term momentum is also weak, and the market appears to be digesting the previous spike, with volatility remaining elevated as traders are expecting lower l…