CoinDesk
Bitcoin dropped to $65,300 overnight before bouncing back to the $67,000 area ahead of the U.S. stock market open, marking the third retest of the February 6 panic low in as many months.
Why it matters
The pattern here is well-defined: BTC touched the mid-$60,000 range on February 24 and again on March 29, and both prior retests resolved bullishly — prices snapped back above $70,000 each time and ultimately pushed to $83,000 by mid-May. A third successful hold at this level would reinforce the floor as a structurally significant support zone. A break below it, however, would invalidate the pattern and open the door to a deeper correction.
Market impact
U.S. stock index futures are little changed after another session of record highs on Tuesday, with oil prices and bond yields both ticking modestly higher — a backdrop that is neither a tailwind nor a headwind for BTC at this juncture. The key question for traders is whether the third retest carries the same conviction as the first two, or whether diminishing bounce strength signals that the support is beginning to erode. Price action in the hours around the U.S. open will be the first read.
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