Cryptocurrency Market Volatility: BTC and Altcoins in Focus

The cryptocurrency market is experiencing a tumultuous period, with Bitcoin (BTC) being no exception. After breaking below the $65,426 level, BTC has attempted to bounce back but is struggling to hold onto higher levels. The bulls are expected to enter the $65,000 to $60,000 zone, but relief rallies are likely to be sold into.

According to predictions, if BTC falls below $65,000, it may drop to the $62,500 to $60,000 support zone. Buyers are expected to defend this zone with all their might, as a close below it would signal a resumption of the downtrend and potentially lead to a fall to $50,000.