Bitcoin Price Prediction: Sub-$60K Next for BTC or a Strong BTC Rebound?

Bitcoin has entered a very sensitive phase after an aggressive downward continuation. The recent sell-off has pushed the sector into historically reactive demand territory of $60,000, while broader risk sentiment remains vulnerable. The market is approaching a point where technical structure, longer-term demand and on-chain liquidity dynamics are converging, making the coming sessions critical for short- to medium-term prices.

Bitcoin Price Analysis: The Daily Chart

On the daily time frame, Bitcoin has decisively broken below its recent structure and continued to respect the descending channel, while the rejection from the $75,000 midpoint confirms that sellers remain firmly in control. The key development is the impulsive collapse towards the lower limit of the channel, where the asset is now testing a key demand zone in the $60,000 price area, which previously acted as a strong buyer base earlier in the cycle.

This demand area, located in the $60,000 region, is structurally significant because it represents the last major consolidation before the previous impulsive expansion. While previous price action on the chart confirms the historical relevance of this zone, the current interaction is much more aggressive, indicating that any bullish reaction from this region would likely start as a corrective upswing rather than an immediate trend reversal.

As long as Bitcoin remains below descending channel resistance and the 100- and 200-day moving averages, the daily structure remains decisively bearish, with downside continuation still a valid risk if demand fails to absorb selling pressure.

BTC/USDT 4-hour chart

If we zoom in on the four-hour time frame, the bearish structure becomes even clearer. The latest move shows a sharp sell-side expansion into the current psychological support demand zone of $60,000, followed by a small reactive rebound, which has yet to see a strong follow-through.

From a short-term perspective, the most important level to monitor is the nearest supply zone overhead of $75,000, formed after the last impulsive collapse. Any corrective bounce will likely face selling pressure as price approaches this area, especially if volume and momentum remain weak.

As long as Bitcoin fails to regain and hold above this supply area, rebounds should be treated as pullbacks within a broader bearish trend rather than confirmation of a trend shift. Failure to hold the current demand zone would expose the price to a deeper downside extension towards the lower limit of the $55,000 channel.

Sentiment analysis

The liquidation heatmap provides valuable context for recent price behavior. The one-year BTC/USDT liquidation heatmap shows a dense liquidity pocket concentrated around and slightly below the $60K-$65K region, which closely matches the current price area. This clustering of liquidity suggests that this zone has been a price magnet, driven by forced liquidations of over-indebted long positions during the recent sell-off.

As the price approaches this region, liquidation intensity decreases from current levels, indicating that a significant portion of the downside debt has already been unwound. This dynamic increases the likelihood of short-term stabilization or a reactive rebound, especially if aggressive sellers begin to lose momentum.

However, the lack of significant liquidation clusters above current price levels implies that upside liquidity is limited in the short term, reinforcing the idea that any rebound will be corrective rather than trend-changing.

While the broader structure remains bearish, the convergence of strong historical demand and reduced downward liquidation pressure suggests that Bitcoin could attempt relief or consolidation from this zone.