I checked the charts yesterday and thought Bitcoin would bounce back after dipping below $60k. Turns out I was right, it shot back above $61k. But then it dipped again under $60k, and again it bounced back. Now, it's like a game of tag. I really think the bulls are fighting to keep it from falling below that mark.
I don't think $60k is a solid support at all. I'm betting it will fall below that level. Just saw some influencer claiming Bitcoin might hit $15k, but honestly, that's just noise. Even if it drops, I doubt it’ll go that low. $60k won't hold as resistance either.
Yeah, $60k has been a solid support before, but I get what you're saying. If it closes below, we might see some serious sell-offs. But $15k? That's a stretch considering all the big players investing in Bitcoin.
$60k is just a round number. I feel like the 200-week moving average is where the real action is. Traders look at it but it’s not actual support. I’d say $55.6k is where we should focus for real support, based on past price action.
Bitcoin already dipped below $60k yesterday, even if it bounced back right away. Not surprising at all. We’ve got $58k as the new support line now. If it breaks that, we'll likely see $55k. $15k? Possible, but unlikely with the market's current state.
A drop below $60k could freak out new investors. They'll panic sell, expecting further drops to $50k or lower. The resistance around $60k helps prevent total chaos in the market.
Don’t sweat what the market is saying. It’s still ripe for dips. Now’s a good time to prep for investment opportunities. After every fall, we typically see a rise. Just gotta ride it out.
Once Bitcoin fell below $70k, I knew $60k wouldn’t hold. There’s been too much rejection at that point. I’m betting we’ll see $50k soon. Anyone hoping for a rally should brace for disappointment.
$60k will probably break soon, it’s just a matter of time. I don’t want to be caught in a liquidity trap. My shorts are doing well, but those rejections at $60k are concerning. If a strong bearish candle closes beneath it, we might be in for a serious plunge.
The low is currently at $59,130. If Bitcoin can hold above $60k or even $61k in the next few hours, it might stay above $50k. June just started, so anything can happen.
Isn’t it true that Bitcoin dipped below $60k? It bounced back, yeah, but it’s gonna dip under again soon. I’m betting it’ll happen before November. Typically, bear markets end in December, but who knows this time.
Technically, $60k is already broken since it dipped to $59,100. Will it break again? I really hope not, 'cause if it does, we might not see $100k until 2027. That’s a bummer.
Bitcoin always drops before it rises. It needs to weed out the weak hands first. After that, the real holders can accumulate before we hit new ATHs. I’m thinking $500k could happen. If you can’t handle the ride, you should bail.
Now it's hovering at $62k. But I think it’s just a temporary bounce. I expect lower lows soon. I don’t focus too much on round numbers; support can be tricky.
First bear market, huh? Lol. People just don’t get crypto yet. We’ll see doubters proven wrong soon. I’m focusing on altcoins for now before cycling back into Bitcoin.
Last night I thought Bitcoin might bounce back, and it did. This $60k support seems legit for now. But if it keeps testing that level, it could turn into resistance.
$60k is holding strong for now, but if it keeps getting tested, it might crack. The buy pressure could easily get drained. Good thing it’s resting at $62,500 for now. Monday’s around the corner, maybe we’ll see a push.
I hope your altcoin investments work out, but honestly, most of them are junk right now. BTC has a real infrastructure and users. What alts are you holding? It’s been rough out there.
For now, $60k is still considered support, but if Bitcoin drops below $57k, it could shift to resistance. If it falls under $55k, downward movement might get easier. But crossing $70k would be tough right now, especially in this bearish market.