Bitcoin Price at Risk of Plunging Below $57K if Support Fails

Bitcoin's price has been hovering around $62,000 support as selling pressure increases. A break below $60,000 could expose Bitcoin to sub-$57,000 levels.

The market remains trapped inside a broad range, and traders are focused on the $62,000 area and the broader $60,000 floor.

Market indicators show conflicting positioning between exchange activity and larger wallet accumulation. The split leaves buyers defending the lower range before attempting another recovery toward nearby resistance.