$BTC is currently trading within a descending channel, signaling a bearish trend.

The price has repeatedly been rejected near the upper trendline around $64,000, while the lower bound near $52,000 has acted as support.

Currently,$BTC is testing the resistance zone between $58,000 and $61,000, and if it fails to break through, we may see a move back toward $52,000, and possibly down to $48,000. The bearish alignment of moving averages further supports downside momentum unless a strong breakout above $61,000 occurs.

Traders should remain cautious as the chart suggests continued bearish pressure.#CPI_BTC_Watch #CryptoMarketMoves $BTC