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Current Price: ∼$62,200 - $63,900
24h Change: -2.31% to +0.18% depending on exchange
Market Cap: ∼$1.24 Trillion
What’s Happening Now
1. Recovery from June Low: BTC fell to a 21-month low near $57,800 - $58,200 in late June, then bounced back to ∼$62K - $63.9K. The bounce was driven by an oversold RSI and weak US jobs data.
2. Key Levels to Watch:
• Support: $60,000. If it breaks, next target is $57,800 cycle low, then $50K-$52K demand zone
• Resistance: $64,000 - $64,100 and $65K - $67K supply zone. Above that, $72K 100-day MA
3. Bearish Pressure:
• BTC is down ∼50.7% from Oct 2025 ATH of $126,198
• 6 straight weeks of ETF outflows ∼$6 billion
• Trading below 50-Day, 100-Day, and 200-Day MAs$#USLaunchesNewStrikesAgainstIran #OilJumpsBondsSlideAfterUSStrikesOnIran #BitcoinTradesLower
Current Price: ∼$62,200 - $63,900
24h Change: -2.31% to +0.18% depending on exchange
Market Cap: ∼$1.24 Trillion
What’s Happening Now
1. Recovery from June Low: BTC fell to a 21-month low near $57,800 - $58,200 in late June, then bounced back to ∼$62K - $63.9K. The bounce was driven by an oversold RSI and weak US jobs data.
2. Key Levels to Watch:
• Support: $60,000. If it breaks, next target is $57,800 cycle low, then $50K-$52K demand zone
• Resistance: $64,000 - $64,100 and $65K - $67K supply zone. Above that, $72K 100-day MA
3. Bearish Pressure:
• BTC is down ∼50.7% from Oct 2025 ATH of $126,198
• 6 straight weeks of ETF outflows ∼$6 billion
• Trading below 50-Day, 100-Day, and 200-Day MAs$#USLaunchesNewStrikesAgainstIran #OilJumpsBondsSlideAfterUSStrikesOnIran #BitcoinTradesLower