Bitcoin’s current price action is testing a critical support level near $62.6K. As shown in the chart, BTC has been in a downward channel and appears to be breaking the support line, which could lead to a retest of the $60K zone. If the market doesn’t reclaim support soon, a further drop seems likely. Keep a close eye on this as volatility increases!
Key Levels to Watch:
• Support: $60.5K
• Resistance: $63.5K
Risk management is key in these conditions! What’s your next move?
