Bitcoin Coinbase Premium stays deeply negative: Is $66K BTC price next?

Bitcoin dipped below $87,000 as the Coinbase Premium hit 12-month lows, signalling weak US demand and with technicals hinting at a $66,000 BTC price target.

Bitcoin (BTC) extended its weakness into the low-liquidity weekend trading session, with BTC slipping to a five-week low of $86,000 on Sunday. The cryptocurrency could potentially retest its macro low of $66,000 over the coming weeks, a key support level from November 2024.

Key takeaways:

Bitcoin dropped below $87,000 on Sunday as its momentum weakened.

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