Bitcoin Price Analysis: Here’s BTC’s Most Likely Path This Week

🔻 Bitcoin has broken down from a multi-month rising channel, with sellers currently in control, despite a short-term rebound after defending the $60K support level.

📉 The loss of key moving averages (100-day and 200-day) indicates significant market deterioration, with major resistance now between $65K and $68K, and critical support at $60K.

📈 Funding rates have shifted from negative to positive, suggesting a gradual rebuilding of long positions and improving market sentiment following the bounce from the $60K support area.