Analyst Sherlock says BTC's $76,000 peak was a deviation, eyes $53,000 next

DeFi researcher and market analyst Sherlock said Bitcoin's push to about $76,000 last week was a short-lived deviation rather than a durable breakout, and he continues to point to roughly $53,000 as the next downside area. He added that the weekly candle could confirm the move if it closes below $72,500, while BTC was trading around $68,100 after a steep one-day drop and ongoing weakness.