Bitcoin’s attempted comeback above $65,000 is running into an inconvenient truth: demand isn’t showing up the way bulls hoped it would. The largest cryptocurrency has been grinding beneath that critical level, and each attempt to push through has fizzled out.
Market analyst Michaël van de Poppe thinks breaking decisively past $65K could still open the door toward the $72,000 to $74,000 range. That’s the optimistic scenario. The less exciting reality is that overall buying pressure across exchanges has been thinning out, and on-chain data isn’t flashing the kind of accumulation signals you’d want to see before calling a sustained rally.
It’s not that anyone’s turned bearish overnight. More that the enthusiasm has cooled just enough to make the path forward harder. Bitcoin bulls need a catalyst—something to reignite fresh demand from both retail and institutional players. Until then, $65,000 is going to act as a stubborn ceiling.
