In my previous analysis, I highlighted the $65.8k region as Bitcoin's final major support before a deeper correction became likely.
That support has now failed.
BTC continued its aggressive selloff, swept through multiple support zones, and eventually tagged $61.4k, where buyers finally stepped in and triggered a sharp reaction. Price is now attempting to stabilize around the $64k region.
The big question now:
Is this the beginning of a meaningful recovery, or simply a temporary bounce before testing the final support at $60.2k?
What The Chart Is Telling Us
• BTC lost every major support level discussed in previous analyses
• Price wicked into the $61.4k support zone and immediately attracted buyers
• Short-term panic selling appears exhausted
• Market remains below all key resistance levels
• The broader structure is still bearish until higher levels are reclaimed
Key Levels
Current Support: $61,400
Final Major Support: $60,200
Resistance: $65,800
Major Resistance: $68,200
Trend Reversal Zone:
$70,800
Market Outlook
The reaction from $61.4k is encouraging for bulls, but one bounce doesn't change the overall structure.
For a meaningful recovery, BTC needs to reclaim $65.8k and begin building higher highs and higher lows.
Until then, the possibility of another flush toward the final support around $60.2k remains very much on the table.
The next few days could decide whether this becomes a local bottom... or just a pause before the final leg down.
NFA | DYOR
That support has now failed.
BTC continued its aggressive selloff, swept through multiple support zones, and eventually tagged $61.4k, where buyers finally stepped in and triggered a sharp reaction. Price is now attempting to stabilize around the $64k region.
The big question now:
Is this the beginning of a meaningful recovery, or simply a temporary bounce before testing the final support at $60.2k?
What The Chart Is Telling Us
• BTC lost every major support level discussed in previous analyses
• Price wicked into the $61.4k support zone and immediately attracted buyers
• Short-term panic selling appears exhausted
• Market remains below all key resistance levels
• The broader structure is still bearish until higher levels are reclaimed
Key Levels
Current Support: $61,400
Final Major Support: $60,200
Resistance: $65,800
Major Resistance: $68,200
Trend Reversal Zone:
$70,800
Market Outlook
The reaction from $61.4k is encouraging for bulls, but one bounce doesn't change the overall structure.
For a meaningful recovery, BTC needs to reclaim $65.8k and begin building higher highs and higher lows.
Until then, the possibility of another flush toward the final support around $60.2k remains very much on the table.
The next few days could decide whether this becomes a local bottom... or just a pause before the final leg down.
NFA | DYOR
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.