Bitcoin Eyes $60K Support Zone as Resistance Hits $63,500

Bitcoin is currently facing resistance near $63,500, and if sellers regain control, it may dip to the $60,000-$61,100 support zone. A potential drop below $62,000 could trigger a liquidity sweep before a possible rebound.

A long-term cycle model forecasts a deeper bottom between $40,000 and $45,000 in 2026, followed by a possible bull run reaching $215,000 to $230,000 by 2029. Investors should watch the $60,000 demand zone closely for signs of the next major move.

The long-term outlook remains cautiously bullish despite potential near-term volatility.