The Next Sub-$60K BTC or Strong BTC Rebound?

Bitcoin has entered a critical phase after continuing its aggressive decline. Recent selling has pushed it to the historic $60K demand area, while broader risk sentiment remains subdued. The market is approaching a point where technical structure, high-term demand, and on-chain liquidity dynamics converge, making future periods critical for short- to medium-term guidance.

Bitcoin Price Analysis: Daily Chart

In the daily time frame, Bitcoin broke firmly below its recent structure and continued to respect the descending channel, while the rejection of the intermediate boundary of $75K ensures that the sellers remain firmly in control. The most important development is the unexpected breakdown to the lower boundary of the channel, where the stock is now testing the most sought-after territory in the $60K price area that previously served as a strong buyer base at the beginning of the cycle.

This sought-after property, located in the $60K neighborhood, is structurally significant as it represents the last major consolidation before an unexpected expansion earlier. While the previous price action on the chart confirms the historical correlation of this area, the current interaction is very strong, suggesting that any bullish reaction in this region may start as a corrective bounce rather than an immediate trend reversal.

As long as Bitcoin remains below the bearish channel resistance and the 100- and 200-day moving averages, the daily structure remains strong, and a continuation of the downward trend is still a valid risk if demand fails to absorb selling pressure.

BTC/USDT 4-Hour Chart

By zooming in on the 4-hour time frame, the beach structure becomes even clearer. The most recent move shows a sharp extension of the sell side in the current demand area at $60K of psychological support, followed by a small active bounce, which has lacked strong follow-through thus far.

From a short-term perspective, the key level to watch for the immediate supply zone is above $75K, which was formed after the last unexpected breakout. Any corrective retracement is likely to face selling pressure as price approaches this area, especially if volume and momentum remain weak.

As long as Bitcoin fails to rebound and hold above this supply region, rebounds should be considered pullbacks within the broader bearish trend rather than confirmation of a trend reversal. Failure to hold the coveted position will expose the price to a deep extension towards the channel’s lower boundary of $55K.

Analyzing Emotions

The completion heat map provides important context for recent price behavior. BTC/USDT’s one-year closing heat map shows a densely concentrated pocket and is slightly below the $60K–$65K region, which coincides closely with the current price area. This accumulation of loans suggests that this area was a price magnet, driven by the forced liquidation of very reliable long positions during the recent sell-off.

Notably, as the price approaches this region, the intensity of the foreclosure decreases compared to current levels, indicating that a large part of the inflation is already on. This volatility increases the chances of temporary stability or active jumps, especially if aggressive traders start to lose momentum.

However, the absence of significant rallies above current price levels means that upside is limited in the short term, reinforcing the idea that any rebound is likely to be a correction rather than a trend reversal.

Overall, while the broader framework remains bearish, the combination of historically strong demand and decreasing exhaustion pressure suggests that Bitcoin could attempt a relief move or consolidation phase from this position.