Everyone was calling for $70,000 a few days ago.



Now Bitcoin has lost $64,000.
Funny how quickly sentiment changes.
I think $63,000 is the level to watch.

Hold it and this probably turns into another shakeout.

Lose it, and I wouldn't be surprised to see $61,000 before we see new highs.

The next 24-48 hours could be important.

#bitcoin $BTC
BTC-1.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
ConsensusMaker
· 10h ago
Every time it reaches this point, the comments section becomes polarized. But I think the more panic there is, the more opportunity there is. If 64,000 breaks, it’s best to smash it even deeper, so we can pick up cheap goods.
View OriginalReply0
BridgeBurned
· 11h ago
If 63,000 can hold steady, this pullback might be the last one. The chips you can’t hold onto will eventually belong to someone else. Let’s see what happens when tonight’s US stock market opens.
View OriginalReply0
MempoolMonk
· 11h ago
To put it plainly, it’s the classic long-versus-short tug-of-war script: below 63,000, it’s all panic selling. If it really falls to 61,000, I’ll actually dare to add to my position—the lower it goes, the more I buy.
View OriginalReply0
DropConnoisseur
· 11h ago
In just a few days, the mood flips faster than turning pages—one minute you’re pushing toward 70,000, the next it breaks 64,000. 63,000 is really the key: hold it and you’re in the shakeout; if you can’t, then 61,000 will come.
View OriginalReply0
DigitalHeritage
· 11h ago
The market is always like this—when it rises sharply, people shout “100,000,” and when it falls hard, they shout “zero.” If the 63,000 support can be held and closed on the daily chart, the chances of making new highs afterward are still quite high.
View OriginalReply0
  • Pinned