BTC/USD | BTC Drops Below $60K! What's Next ? (READ THE CAPTION)

Jun 25

By analyzing the #Bitcoin chart on the Weekly timeframe, we can see that the cryptocurrency market has entered one of its deepest corrective phases in recent years. Bitcoin, as the leader of the market, has now declined more than 50% from its all-time high and today briefly dropped to the $58,000 region.

At this stage, the $52,500 – $60,000 area has become one of the most important demand and accumulation zones on the chart. The market's reaction around this region will likely determine the next major directional move.

From a macro perspective, rising expectations for higher interest rates, combined with the U.S. Dollar Index climbing to its highest level in nearly 13 months, continue to pressure risk assets across global markets, including cryptocurrencies.

From a structural perspective, the nearest demand zones are located around $58,000 – $60,000, followed by the broader institutional demand zone between $52,500 – $56,000. On the upside, the nearest supply zones are located around $63,000 – $66,000, followed by a stronger resistance cluster between $70,000 – $74,000.

In my view, long-term investors may start looking at these demand zones as attractive accumulation areas. However, I believe the current environment is much more favorable for day traders and scalpers who can take advantage of short-term volatility. Medium-term swing traders, on the other hand, could face a slow and frustrating market for a while. If you expect to need your capital in the short or medium term, I personally wouldn't recommend rushing into new investments.

For now, all eyes remain on the $52,500 – $60,000 demand zone. The reaction from this area could shape Bitcoin's next major move.

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Best Regards , Arman Shaban

Jun 26

Trade active

By analyzing the #Bitcoin chart on the Weekly timeframe, we can see that Bitcoin is currently trading around the $59,900 region and remains at one of the most important demand zones on the chart. The key question now is whether buyers can reclaim and stabilize price back above the psychological $60,000 level.

For now, the market is still searching for direction and price continues to consolidate around this critical area. A successful reclaim above $60K would be an encouraging sign that buyers are beginning to regain control.

From a structural perspective, the nearest demand zones remain around $58,000 – $60,000, followed by the broader institutional demand zone between $52,500 – $56,000. On the upside, the nearest supply zones are still located around $63,000 – $66,000, followed by the stronger resistance cluster between $70,000 – $74,000.

My broader view remains unchanged. I still believe this demand zone is an attractive area for long-term investors, while the current market conditions continue to favor day traders and scalpers. Until Bitcoin decisively breaks out of this range, patience remains the best strategy. For now, all assumptions from the previous analysis remain valid, and we continue to closely monitor price action around the $60,000 level.