Bitcoin Price Analysis: Why the $60K-$62K Zone Is Make or Break

Bitcoin has entered a highly sensitive phase after an aggressive downside continuation. The recent sell-off has pushed it into a historically reactive demand region of $60K, while broader risk sentiment remains fragile. The market is approaching a juncture where technical structure, higher-timeframe demand, and on-chain liquidity dynamics converge, making the coming sessions critical for short- to mid-term direction. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin remains structurally bearish, as the price has been printing major lower highs and has reached the channel’s lower boundary. The recent sell-off also resulted in a clear breach of the prior major daily low around $75K, confirming a breakdown in market structure and triggering forced liquidation flows. However, once the asset reached the $60K–$62K demand zone, selling pressure decelerated sharply. This area has historically acted as a high-interest accumulation region, and the latest reaction reinforces its relevance. Since tapping this zone, Bitcoin has managed to recover toward the $69K–$70K region, but the rebound has lacked momentum and follow-through. The daily chart now reflects balance rather than trend. Sellers are no longer pressing prices lower aggressively, yet buyers are also unable to reclaim the former support at $75K–$77K, which has now transitioned into a clear supply zone. As long as Bitcoin remains capped below that area, the broader daily bias stays cautious, with consolidation favored over continuation. BTC/USDT 4-Hour Chart Zooming into the 4-hour timeframe, it is evident that the price has rebounded from the $60K threshold, and is now oscillating around $69K–$70K. The character of price action has shifted from impulsive candles to overlapping ranges, signaling exhaustion on the sell side. The channel’s mid trendline is considered the main supply range near the $73K area, while the internal resistance around the $70K consistently rejects upside attempts. On th...