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Bitcoin faces strong bearish pressure, whale buys $66M BTC but price may drop below $74k again

Market News
27 May 2026
AMBCrypto
View Source
Neutral
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Bitcoin has been trading in a downward channel, recently hitting a low of $74k and currently trading around $75,882. Despite strong bearish pressure pushing BTC below key moving averages, a whale purchased 873.29 BTC worth $66.24 million, signaling confidence among large investors. However, increased selling activity from smaller investors has kept downward momentum strong, with technical indicators showing bearish expansion. For a trend reversal, more buying is needed to push Bitcoin above $77,839; otherwise, the price could fall below $74k again.

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