Bitcoin Support Breaks Threaten Sub-$57K Levels

Bitcoin's price slipped toward its $62,000 support level on August 14 as selling pressure increased. Traders are closely watching this area due to a potential break below $60,000, which could expose Bitcoin to sub-$57,000 levels.

Kaz identified $62,800 as an order-block area that initially attracted buyers and pointed to unswept equal lows near $62,200. He expected a possible rebound toward $64,500, $65,000 before another downside test.

However, if the support at $60,000 breaks, KillaXBT warned that Bitcoin could fall below $57,000 during August. This scenario is conditional and not yet confirmed as Bitcoin still traded above the $60,000 threshold during the session.