The price of Bitcoin has entered a highly sensitive phase after a strong downward wave that pushed it to pivotal price areas, where the range of $60,000–$62,000 represents a critical point for the price path in the short to medium term.
As the appetite for risk in the markets remains fragile, technical factors intersect with liquidity dynamics on the network, making the upcoming sessions crucial.
On the daily timeframe, the overall structure still leans negative, as the price continues to record lower highs and broke a key support near $75,000, confirming the collapse of the price structure and triggering forced liquidation waves.
However, selling pressure has clearly slowed down as the price reached the historical demand zone between $60,000 and $62,000, an area known for being an active accumulation level in previous cycles.
From there, Bitcoin's price bounced toward $69,000–$70,000, but without enough momentum to turn the rebound into a clear upward trend.
The current movement reflects a state of balance rather than a trend.
Sellers are no longer pressing hard, but buyers have also failed to reclaim previous support areas between $75,000 and $77,000, which have now turned into a strong supply area.
Staying below it keeps the daily outlook cautious, with a likelihood of sideways movement instead of resuming the trend.
On the four-hour frame, it is clear that Bitcoin's price rebounded from the $60,000 level but is moving within a narrow range around $69,000–$70,000.
The price movement has shifted from aggressive to consolidated, indicating exhaustion on the selling side.
Resistance near $70,000 is highlighted, while the $60,000–$62,000 area remains the clearest demand floor.
This situation puts the price within a compressed range between ascending support and descending resistance, which favors continued volatility unless a decisive break occurs on either side.
From a sentiment and network data perspective, Bitcoin's price has reached the price achieved by holders of the currency from 18 months to 2 years ago, a level close to $60,000, putting this group at a sensitive breakeven point.
Historically, this level tends to be a point of defense or exit depending on the strength of market confidence.
Maintaining it may support stability and income during the accumulation phase, while breaking it could open the door to additional selling pressure.
Conversely, the range of $85,000–$90,000, which is the price achieved by holders for 12–18 months, poses potential resistance to any upcoming rebound, as these holders might seek to sell at any corrective rise.
