$BTC has slipped below the key $61K level, falling 5.3% over the past 24 hours as selling pressure continues to weigh on the broader crypto market.
The latest move has pushed Bitcoin down to $60,789, marking one of its weakest sessions in recent months and putting traders on alert for the next major support test.
Despite the decline, market activity remains elevated. Daily trading volume has climbed above $51B, showing that participants are actively repositioning rather than sitting on the sidelines.
Price is currently trading at $60,789 with a market capitalization of $1.21T.
Zones to watch
Immediate resistance sits at 61K–62K. A reclaim of this region could help restore short-term confidence.
Key support remains at the psychological 60K level. A break below could open the door to further downside.
Momentum
Volume is up significantly during today's sell-off, suggesting strong participation from both buyers and sellers.
The increase in volatility indicates the market is approaching an important decision point.
Scenarios
Long case (Main Alert): Reclaim 61K and establish support above resistance.
Target 1: 63K
Target 2: 65K–67K
Short case: A decisive move below 60K could trigger another wave of downside momentum.
Overall
BTC remains the dominant asset in crypto, but the loss of 61K has weakened short-term market structure. The next few sessions will likely determine whether this is a temporary correction or the beginning of a deeper retracement.
Bias: BEARISH (Until 61K is reclaimed)
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