Bitcoin Price Prediction: BTC Risks Drop Toward $55K as $60K Support Comes Under Pressure
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Bitcoin remains trapped beneath a major resistance cluster after failing to sustain last week’s recovery, with momentum shifting to bears as BTC broke below its short-term rising structure. On the daily timeframe BTC trades below the key supply zone at $65,000–$68,000 after sellers regained control and pushed price toward the lower boundary of its recent range, signaling downside risk for crypto markets and spot/derivatives traders.
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Bitcoin remains trapped beneath a major resistance cluster after failing to sustain last week’s recovery. The latest price action has shifted back in favor of the bears, with BTC breaking below its short-term rising structure and once again moving toward the lower boundary of its recent range.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, BTC continues to trade below the first major supply zone between $65K and $68K. After briefly recovering into this area, sellers regained control and pushed the market lower, reinforcing the importance of this resistance region.
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Coins
$ 64.02K
+1.34%
$ 0.0018
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In This News
Coins
$ 64.02K
+1.34%$ 0.0018
Predictions Markets
See what traders are focused on
Share:
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Bitcoin Price Analysis: Has BTC Cleared the Danger Zone After $64K Surge?
