BTC price prediction: $60K support at risk, $55K looming
BTC price prediction: Bitcoin is stalling below a key resistance zone and bears are regaining control. After failing to hold last week’s rebound, BTC broke down from a short-term rising structure and is drifting toward the lower end of its recent range.
On the daily chart, BTC remains below the $65K–$68K supply area and is trading under major moving averages: the 100-day MA near $73K and the 200-day MA around $77K. That keeps the broader trend bearish. The key demand zone is $59K–$61K, which has attracted buyers repeatedly in June, but each bounce has formed a lower high—signaling fading upside momentum.
Near-term levels: a loss of the $60K support zone could open a move toward $54K–$56K. The 4-hour chart also turned more bearish after BTC rejected the $65K–$68K zone again, breaking an ascending recovery channel. Bulls need to quickly reclaim the $64K–$65K area; otherwise, another test of $60K–$61K is likely.
Sentiment/positioning: a Binance liquidation heatmap suggests large liquidity pools cluster below current price action, especially around $59K–$60K, extending toward $55K and even $50K–$52K. If sellers force a decisive breakdown, downside could accelerate as the market “hunts” for these liquidation targets.
Bottom line: BTC price prediction skews toward a downside sweep scenario as long as BTC struggles to reclaim $65K–$68K and $60K support weakens.
Bearish
The article’s core message is a bearish technical setup for BTC. It points to repeated rejection under the $65K–$68K supply zone, BTC trading below the 100-day and 200-day moving averages, and a weakening pattern around $59K–$61K (lower highs after bounces). That combination often precedes a support break.
It further strengthens the bearish thesis with positioning data: liquidation pools appear concentrated below current price, especially near $59K–$60K and extending to $55K and $50K–$52K. In past BTC drawdowns, once price loses a major floor and traders’ stop-losses get triggered, the market frequently accelerates toward the next large liquidity pockets.
Short-term impact: higher odds of another test—and potential breakdown—of the $60K support, with $54K–$56K as the immediate downside magnet. Long-term impact depends on whether $59K–$61K can eventually flip from demand to sustained support; if not, the bearish structure could persist longer and keep rally attempts capped by $65K–$68K.