Is This The Bitcoin Bottom? 3 Metrics Still Point To $63,000 As The Key Risk Zone

The Bitcoin price has seen one of its sharpest pullbacks in months, losing over 11% since its late-January peak. While the price has reached a major technical target, on-chain and derivatives data suggest the market may not be done correcting. With buyers still cautious and whales reducing exposure, the question now is simple: is this the bottom, or just another stop on the way lower? Bitcoin Hit Its Breakdown Target After Pattern Failure Bitcoin’s recent decline followed a clear technical roadmap. In late January, the price broke below a head-and-shoulders pattern, confirming a bearish reversal source: https://beincrypto.com/bitcoin-price-bottom-analysis-2026/