Bitcoin Price Analysis: Is Another Leg Lower Coming After the $58K Drop?
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Bitcoin remained under pressure despite repeated support at the $58K–$60K demand zone, with buyers stepping in after sweeping recent lows but only producing limited recoveries. BTC continues to trade below the 100-day MA (~$72K) and 200-day MA (~$76K), keeping broader market structure bearish and raising downside risk for crypto traders, DeFi positions and DEX/CEX liquidity.
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Bitcoin remains under pressure despite another strong reaction from the $58K to $60K demand zone. Although buyers once again stepped in after sweeping the recent lows, the recovery has so far been limited, with the price continuing to trade below key resistance levels.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, Bitcoin continues to trade below both the 100-day moving average around $72K and the 200-day moving average near $76K, keeping the broader market structure bearish.
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Bitcoin Price Analysis: Has BTC Cleared the Danger Zone After $64K Surge?
