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itcoin (BTC) and major cryptocurrencies attempted a relief rally after hitting new lows in 2026, but selling pressure near resistance levels shows that the market correction may not be over. BTC to PKR trading also reflects volatility, with Bitcoin bouncing from the critical $74,508 support. Analysts warn that while the current pullback could be the “deepest opportunity” of this bull run, the risk of further declines remains if overhead resistance levels hold.
The crypto market has seen extreme fear in early 2026, with the Crypto Fear & Greed Index dropping to just 14. Historically, such negative sentiment can signal potential upside reversals, as Santiment noted, “Markets often move opposite to the crowd’s expectations.” Despite this, platforms like Polymarket suggest a 72% chance that BTC could fall below $65,000 in the near term.
Bitcoin recently bounced from $74,508, targeting the $80,600 to $84,000 resistance zone. Ether (ETH) faced support at $2,111, while BNB tried to defend $730. XRP and Solana (SOL) remain under pressure at $1.61 and $95, respectively. Dogecoin (DOGE) is seeing relief rallies, yet risks breaking $0.10, and Cardano (ADA) may test $0.20 support if sellers dominate. Bitcoin Cash (BCH) has found temporary support near $456 but faces resistance near $551.
PlanC highlighted that the $75,000–$80,000 zone could be the “deepest pullback opportunity” for Bitcoin. On the flip side, failure to overcome resistance may see BTC and altcoins testing lower supports, potentially affecting BTC to PKR trading rates. Traders are closely watching moving averages and key Fibonacci levels to gauge market sentiment.
While bullish traders are buying dips, the crypto market remains fragile. BTC to PKR and other crypto trading pairs are likely to stay volatile until Bitcoin and altcoins successfully break key resistance levels. Market watchers advise caution but note that extreme fear could provide strategic entry points for long-term investors.
