The price of Bitcoin has entered a highly sensitive phase after a strong downturn that pushed it into key price areas, where the range of $60,000–$62,000 represents a critical point for price movement in the short and medium term.
With the continued fragility of risk appetite in the markets, technical factors intersect with liquidity dynamics on the network, making the upcoming sessions critical.
On the daily timeframe, the overall structure still tends to be negative, as the price continued to record lower highs and broke a major support near 75 thousand dollars, which confirmed the collapse of the price structure and triggered forced liquidation waves.
However, selling pressure clearly slowed down when the price reached the historical demand area between 60 and 62 thousand dollars, an area known for being an active accumulation level in previous cycles.
From there, the Bitcoin price bounced towards 69–70 thousand dollars, but without enough momentum to turn the bounce into a clear upward trend.
The current movement reflects a state of balance more than it does a trend.
Sellers are no longer pressing hard, but buyers also failed to regain previous support areas between 75 and 77 thousand dollars, which have now turned into a strong supply area.
Remaining below it keeps the daily outlook cautious, with a tendency for sideways movement rather than resuming the trend.
On the four-hour timeframe, it is clear that the Bitcoin price bounced from the level of 60 thousand dollars but is moving within a narrow range around 69–70 thousand.
The price movement has shifted from impulsive to overlapping, indicating exhaustion on the selling side.
Resistance near 70 thousand dollars is prominent, while the area of 60–62 thousand dollars remains the clearest demand floor.
This situation places the price within a compressed range between ascending support and descending resistance, which is likely to continue the volatility unless a decisive break occurs on either side.
From a sentiment and network data perspective, the Bitcoin price has reached the realized price for holders of the currency for 18 months to two years, which is a level close to 60 thousand dollars, placing this category at a sensitive equilibrium point.
Historically, this level tends to be a point of defense or exit depending on the strength of market confidence.
Maintaining it may support stability and enter a consolidation phase, while breaking it may open the door to an additional selling wave.
Conversely, the range of 85–90 thousand dollars, which is the price realized by holders for 12–18 months, represents a potential resistance for any upcoming bounce, as these may seek to sell at any corrective rise.
#USTechFundFlows #BinanceBitcoinSAFUFund #BTCMiningDifficultyDrop #BTC
