Bitcoin's slide is getting worse, and it's bad news for anyone holding or going long right now.

• BlackRock's Bitcoin ETF saw hundreds of millions of dollars in outflows over the past week, forcing BlackRock to sell Bitcoin to pay investors back, adding to the selling pressure behind the recent price drop.
• Bitcoin ETFs overall had a rough week with outflows far outweighing inflows, which piled extra sell pressure onto a market already weak from a stock market selloff.
• Bitcoin and major altcoins (Ethereum, XRP, Solana, Chainlink) are all still stuck in a weeks-long weak patch, with short bounces likely but no real rally expected soon.
• Altcoins are expected to move roughly in line with Bitcoin rather than break out on their own, since Bitcoin's share of the crypto market is stuck at resistance.
• The bigger-picture, multi-month trend is still seen as bullish, meaning this weakness is viewed as a temporary pullback rather than the start of a crash.

Outlook: Bitcoin is expected to keep finding support for now, with only mild bounces likely, but a break lower could open the door to a bigger drop in the coming weeks.

## Bitcoin Levels

• **Bias:** Short-to-mid-term bearish, longer-term bullish
• **Buy / accumulate:** Dip-buyers could look to accumulate near $65,000–$67,000 if support breaks
• **Support:** $74,000–$76,000 (key zone); next support $65,000–$67,000
• **Resistance:** Bitcoin dominance resistance at 60.5%–61% (affects altcoin performance)
• **Targets:** Downside target $65,000–$67,000 if $74K–$76K support breaks
• **Invalidation:** A break below $74,000 invalidates the current support hold and opens the move toward $65,000–$67,000