Bitcoin (BTC) Support Levels
Bitcoin took a sharp hit, sliding significantly below the $70,000 threshold. On-chain data and structural charts point to three primary defensive layers:
$62,250 – $65,000 (Immediate Demand Zone): Following the initial plunge, buyers stepped in near the $65,370 intraday low. This entire pocket down to $62,250 serves as the immediate battleground where long-term holders have historically defended the medium-term trend.
$60,000 (Major Psychological & Structural Support): If the immediate demand zone fails to hold, $60,000 stands as the ultimate line in the sand. It functions not only as a critical psychological barrier but also represents a heavy concentration of macro liquidity and miner production cost floors.
$58,000 (Macro Capitulation Floor): A worst-case scenario flush below $60,000 would likely target the $58,000 liquidity pocket before the daily RSI fully exhausts its downward momentum.$BTC
