Bitcoin price $60K support not yet safe as more macro headwinds stack up
Bitcoin traded near intraday highs before Monday’s U.S. open, with $60,000 acting as key support after selling pressure eased following the weekly close. Traders said the market may be in a range if BTC holds that level, with a possible $60,000–$80,000 consolidation unless support breaks. The 200-day simple moving average is now resistance on lower time frames, while some analysts warned a failed rebound could lead to a deeper bearish continuation. BTC also tagged the 200-week SMA, a level often associated with bear-market bottoming behavior. Macro conditions remain a headwind: Federal Reserve rate expectations, yen weakness, and geopolitical tensions are weighing on risk assets. Market analysts said Bitcoin’s ability to hold up while equities weaken will help determine whether its recent divergence from stocks is real strength or just a delayed reaction.
