Bitcoin Slips Toward $60,000 as Crucial Support Zone is Tested

Bitcoin's price is currently testing a crucial support zone after failing to hold above $65,000. According to Ted's daily chart, BTC is trading near $63,459 and needs to defend the lower part of the $62,000-$65,000 range to prevent a deeper correction.

The analyst identifies this range as the key support zone and warns that a sustained rebound above $65,000 would improve the short-term structure and bring resistance near $67,100 into focus. However, a confirmed daily close below $62,000 would weaken the recovery case.

Kaz's chart also shows Bitcoin forming a lower high in the area between $64,500 and $65,000 before potentially falling toward $60,000 to $62,000. The analyst marks this range as an order-block resistance zone where earlier selling pressure emerged.