Bitcoin (BTC) is consolidating around $60,050 amidst consecutive outflows from spot ETFs and persistent concerns regarding high US interest rates. A bearish trend dominated by sellers is observed in the short term.


📊 Current Technical Levels and Analysis
Current Price: ~$60,050 (Showing a slight recovery of around 0.40% in the last 24 hours, though down 5.5% on a weekly basis).
Critical Support Zone: The $58,130 – $58,900 range. This zone acts as extremely strong support from a macro perspective. A daily close below this level could lead to a deeper decline.
Resistance Levels: Initially, the price needs to sustain itself above the $60,800 – $61,200 band. For sustained relief and a trend reversal, the resistance levels at $63,000 and subsequently $66,000—the breakout point of the bearish channel—should be monitored.
BTC0.73%
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