In the previous update, we highlighted that BTC was holding the $60k-$61k demand zone but lacked the volume needed for a convincing reversal.
Since then, the price has revisited the same support area, and once again, buyers have stepped in.
This creates the possibility of a double-bottom formation around the $60k region — one of the most-watched reversal structures in technical analysis.
What I'm Watching
BTC continues to defend the $60k-$60.2k support zone
Multiple rejections from lower levels show buyers are active
RSI is recovering from oversold conditions
Price is attempting to establish a higher low after the recent flush
The missing piece remains volume. A double bottom is only confirmed once resistance is reclaimed with strong momentum.
Key Levels
Support: $60.2k
Current Resistance: $62.1k
Breakout Confirmation: $62.8k
Major Resistance: $65.7k
If BTC can reclaim $62.8k, the probability of a larger relief rally increases significantly.
For now, the double-bottom thesis remains valid as long as the $60k region continues to hold.
NFA | DYOR
Since then, the price has revisited the same support area, and once again, buyers have stepped in.
This creates the possibility of a double-bottom formation around the $60k region — one of the most-watched reversal structures in technical analysis.
What I'm Watching
BTC continues to defend the $60k-$60.2k support zone
Multiple rejections from lower levels show buyers are active
RSI is recovering from oversold conditions
Price is attempting to establish a higher low after the recent flush
The missing piece remains volume. A double bottom is only confirmed once resistance is reclaimed with strong momentum.
Key Levels
Support: $60.2k
Current Resistance: $62.1k
Breakout Confirmation: $62.8k
Major Resistance: $65.7k
If BTC can reclaim $62.8k, the probability of a larger relief rally increases significantly.
For now, the double-bottom thesis remains valid as long as the $60k region continues to hold.
NFA | DYOR
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.