BTCUSD – 60K Hurdle Caps Rebounds, Keeping Downside Pressure Intact

BTCUSD has slipped back below the 60,000 threshold after another failed attempt to extend its recovery from the 2026 low at 57,992, with the market once again unable to secure a sustained break above the key psychological barrier.

The near-term picture on the hourly chart had shown signs of improvement, raising expectations of a stronger recovery and a breakout from the consolidation range that has dominated recent sessions.

However, these recovery prospects have so far proved short-lived, as the broader bearish trend on the daily chart remains firmly intact. Strong resistance continues to cap gains in the 60,000–61,300 region, where the falling 10-day moving average, the 38.2% Fibonacci retracement of the 67,250–57,992 decline, and the 200-week moving average converge.

A renewed close below the 60,000 mark would heighten the risk of another test of the 2026 low at 57,992, along with nearby Fibonacci support at 57,816 (61.8% retracement of the 15,485–126,299 rally). A decisive break beneath these levels would confirm continuation of the broader downtrend and expose the next downside targets at 52,500, the September 2024 low, and the major psychological support at 50,000.

Res: 60000; 60829; 61300; 61600
Sup: 59000; 57992; 57816; 56427