Bitcoin Slides Below $65,000 as Analyst Maps Six-Stage Cycle Toward Possible $35,000–$45,000 Lows

Bitcoin briefly traded under $65,000 on Monday after a proposal by US President Donald Trump to lift global tariffs to 15%, while an analyst now places the market in a late-cycle stress phase. Based on this six-stage roadmap, the current sideways period could eventually give way to a capitulation leg, with revised potential downside targets between $35,000 and $45,000 amid deteriorating liquidity conditions.