On-chain analysis platform flags potential headwinds for Bitcoin—there's a real possibility we could see pullbacks toward the $70K range, with more downside risk potentially extending to $56K levels if market conditions deteriorate further. The broader market dynamics suggest Bitcoin might be transitioning into a bear phase. This kind of price action and volatility pattern is worth monitoring, especially for traders positioning themselves through the current cycle. The key support levels mentioned here align with what many analysts have been tracking as critical zones.