Bitcoin’s Vulnerability Unveiled: A Closer Look at BTC’s Weakness

Bitcoin is currently displaying signs of weakness, and there is a possibility that if the support level of 60.5K is breached, the price may drop to the range of 53K-54K. On the other hand, a potential rally towards 66K could occur if Bitcoin manages to surpass the 62K resistance level. Traders should closely monitor these key levels for potential trading opportunities.

Please take note of the yellow circle and prepare for two possible scenarios.