Bitcoin's price fell to $65,800, slipping below a crucial intraday trend line, raising concerns about a potential retest of the year's low at $59,800. Analysts highlight a widening liquidity gap between $66,000 and $60,000, suggesting increased downside risks. The cryptocurrency has been unable to break through the $70,000–$72,000 resistance zone, forming lower highs and showing signs of weakening market structure. The Relative Strength Index (RSI) indicates oversold conditions, and Bitcoin is trading below key moving averages. A lack of liquidity around the $60,500 mark further underscores potential downside risks. If Bitcoin fails to rebound above $68,000, it may decline further toward the $65,000 support level. Market analyst EliZ notes that Bitcoin is consolidating within a descending channel near $66,500, with a breach potentially leading to a drop toward the $63,400–$64,600 support zone, increasing the likelihood of revisiting $60,000.