Bitcoin Price Analysis: Is $60K Back in Play After BTC’s Latest Rejection?

BTC

BTC/USDT

$63,061.02

-0.06%

$63,061.02

-0.06%

(24s)

24h Volume

$2,363,246,918.56

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,071.30

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,882.58

Resistance 1$63,145.43

Price$63,071.30

Support 1$62,928.14

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

CryptoPotato Editorial

(03:15 PM UTC)

1 min read

Updated byEmily Watson

0 comments

Bitcoin is testing a critical support area after failing to break above the descending resistance structure that has capped the price for months. With BTC trading around $62.7K, the market is approaching a key decision point, while the elevated Exchange Whale Ratio adds a potentially bearish on-chain signal to the technical picture.