Why the $60K-$62K Property Is Make or Break

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 period, Bitcoin remains structurally bearish, as the price has been printing lower lows and has reached the lower boundary of the channel. The recent sell-off also led to a clear breach of the daily high of around $75K, confirming the collapse of the market structure and triggering a flow of forced liquidations.

However, once the property reached the asking price of $60K–$62K, the selling pressure subsided significantly. This area has historically served as a place to accumulate high profits, and recent reactions reinforce its relevance. Since tapping this area, Bitcoin has managed to bounce back to the $69K–$70K area, but the rebound has lacked momentum and follow-through.

The daily chart now shows a balance instead of a trend. Sellers are no longer pushing prices aggressively lower, however buyers are also unable to find previous support at $75K–$77K, which has now shifted into a clear supply zone. As long as Bitcoin remains below that area, the broader daily bias remains cautious, with consolidation preferred over continuation.

BTC/USDT 4-Hour Chart

Moving closer to the 4-hour time frame, it can be seen that the price has rebounded from the $60K wall, and is now hovering around $69K–$70K. The character of the price action has changed from fast candles to overlapping ranges, indicating exhaustion on the sell side.

The trendline between the channels is considered the main range of supply near the $73K area, while internal resistance around $70K remains to reject upside attempts. On the other hand, demand remains clearly defined between $60K and $62K, where buyers are entering with confidence.

This creates a pressure zone where Bitcoin is nicely boxed in between a low demand peak and a descending ceiling of resistance. Until the price loses the $60K–$62K support or re-claims $75K on strength, the most likely outcome remains range-bound price action instead of a vertical move.

Analyzing Emotions

Bitcoin has now reached the virtual value of the group of owners of 18 months to 2, which puts this group in a situation of separation. This level, found around the $60K range, is very important because it often serves as a moral inflection point, where owners are likely to protect their cost base or exit when confidence wanes.

From an on-chain point of view, this price found currently serves as a key support point. If buying pressure pulls supply to this level, the market is likely to stabilize and transition into a consolidation phase. However, failure to hold this position could result in more selling pressure as the group moves into the red.

On the other hand, the received price of the 12 to 18 month group around $85K-$90K now represents a clear resistance, as these holders are underwater and can sell in any rally. Overall, Bitcoin is trading at a critical balance point where consolidation is preferred unless a decisive break occurs in either direction.