$BTC
Most indicators currently suggest that the $60,000 area could be the nearest bottom. But the most important question is: Can Bitcoin really break through $75,000?
Honestly, we might see the price touch $75,000 as a sort of retest of resistance, but the more likely scenario is that it falls back to the $60,000 area before any strong rise. The reason? Because the area between $60,000 and $67,000 is considered a strong accumulation zone, with clear entries from major investors, giving it significant weight as a price floor.
Important levels:
Main support: Between $60,000 and $62,000
Breaking this level could mean the continuation of the downward trend.
Strong resistance: $75,000
Historically, this is a rejection area, and breaking through it requires strong momentum and trading volume.
Positive scenario (Bull Case):
A noticeable improvement in momentum in the short term.
Breaking $75,000 could open the way to:
$82,000 → $88,000
Institutional demand and ETFs could be a strong driving factor.
Negative scenario (Bear Case):
The market is still weak in the medium to long term.
There have been outflows in recent days.
Some forecasts suggest a possible return to below $65,000.
And many analysts still see $60,000 as a potential target before any rise.
Current reality:
Bitcoin is currently stuck between two stages:
Accumulation at $60,000
Distribution at $75,000
This means the market is within a clear range, and its direction has not yet been determined.