Bitcoin (BTC) Next Move: Key Levels to Watch

Bitcoin is currently trading around the mid-$60,000 range after recovering from a sharp selloff earlier this month. The market appears to be at a critical decision point, with traders closely watching the $60,000 support zone.

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Bullish Scenario

BTC has repeatedly found buyers near $60,000.

Holding above this level could allow a move toward $66,000–$68,000 resistance.

A break above major moving averages and resistance zones would strengthen the case for a broader recovery.

Bearish Scenario

If Bitcoin closes decisively below $60,000, analysts see potential for a deeper correction.

Some technical analysts identify the next major support area near $50,000.