Bitcoin (BTC) has settled back into the $60,500–$60,800 range following a recovery of approximately 3% over the last 24 hours. While short-term buyers are gaining confidence as the price holds above $60,000, the technical structure and trend analysis have not yet confirmed a full reversal.

The critical levels and technical outlook on the daily charts are as follows:
Critical Levels & Pivots
Main Resistance: The $60,700–$61,200 range. We need to see daily closes above this zone for the price to initiate a sustained uptrend.
Main Support: The $59,200–$59,500 demand zone. A break below this level could bring the $54,200 area—a lower liquidity pool—into play.
Pivot Point: The classic pivot level is around $60,460; the current price is attempting to stabilize just above this pivot.