Bitcoin crash to $60K opens new $530M demand zone: Will bulls buy in?
A $525 million Bitcoin buy wall intersects with a major liquidation zone, creating a key battleground between $60,500 and $65,000.
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A $525 million Bitcoin buy wall intersects with a major liquidation zone, creating a key battleground between $60,500 and $65,000.
A 5.4% gain for the Bitcoin price over the last five days may have come to an end. With the bulls unable to push the price up through the $66K horizontal level, the path of least resistance right now is back down. If the $63K support level fails, the Bitcoin price could come back to test the lows again.
A TradingView analyst says BTCUSDT has bounced from channel support and is holding above demand while bulls target $67,000.
TradingView analysts are split on Bitcoin after multiple June 20 charts framed BTC between recovery targets and breakdown risk.
A concentrated liquidity pocket below $59,000 raises the chance of a Bitcoin price sell-off to new 2026 lows, but data suggests bulls will absorb the dip.