Bitcoin revisits 2021-era resistance as traders warn of sub-$50K risk

Bitcoin (BTC) is experiencing significant market pressure, as price action struggles to maintain momentum following its rally to recent all-time highs. The cryptocurrency has repeatedly tested and failed to establish a sustained foothold above the critical resistance zone defined by the 2021 peak of approximately $69,000. This struggle signals strong overhead supply and intense profit-taking behavior from long-term holders.

Analysts are increasingly issuing cautious outlooks, noting that despite the recent success of institutional inflows via spot ETFs, the market structure requires a substantial ‘reset.’ The immediate psychological support at $60,000 remains the first line of defense. However, technical analysis suggests that the true structural support lies closer to the $52,000 to $54,000 range, which represents a key accumulation phase earlier this year.

Should the current consolidation fail to hold the $60,000 level, the market could quickly accelerate downward. A breach below the $50,000 psychological threshold is widely cited by professional traders as the major risk event. Falling beneath $50,000 would imply a deep correction, likely triggering stop-loss cascades and potentially targeting the $45,000 region, effectively erasing months of bull market gains and confirming a temporary bearish reversal in the short-to-medium term. Market participants are advised to monitor volume closely for signs of a decisive breakdown or a high-volume rebound.

Source: Bitcoin revisits 2021-era resistance as traders warn of sub-$50K risk