Bitcoin bounces above $68K but shows no bear-market reset as traders warn $60K–$65K downside

Reports indicate Bitcoin has not yet recorded the profit-structure reset seen in prior bear markets, despite recent declines; the asset opened April with a modest 3% rebound that pushed BTC back above $68,000 ^[1].

Traders and commentators are preparing for further downside, with some warning of a drop to $65,000 or even $60,000 as analysts link potential price pressure to unexpected statements from the White House and ongoing geopolitical tensions that could exacerbate economic strain and prompt higher interest rates ^{[2] [3]}.

Market observers note Bitcoin has been trading in a range roughly between $63,000 and $74,000, and some analysts contend the prior parabolic advance may be over; coverage also records that Q1 2026 saw an approximate 24% decline and a six‑month drawdown near −41%, with several outlets attributing the move mainly to macroeconomic forces rather than crypto‑specific fundamentals ^{[4] [5]}.

Several reports say the market’s next directional move should gain clarity soon as participants weigh incoming macro data and political developments ^[6].

Near‑term outlook remains uncertain: price staged a brief recovery but multiple sources highlight material downside risk tied to macro and political factors, and analysts expect clearer direction to emerge as those factors evolve ^{[1] [2] [6] [5]}.