Bitcoin Bulls Fight to Hold $60K: Has BTC Finally Bottomed?
Bitcoin's grip on $60K is shaky and futures look soft. Traders are asking the big question: is this the bottom?
Bitcoin is at a make-or-break moment. The $60,000 level isn't just a round number — it's the line between a healthy pullback and a deeper slide that could shake out a lot of late buyers. Bulls are clinging to it, but the grip is loose, and the market knows it.
Futures markets are flashing warning signs. When futures go soft alongside spot price weakness, that's not a coincidence — it signals that leveraged traders aren't confident enough to press bets to the upside. That kind of hesitation at a critical support level is exactly what you don't want to see if you're long.
Read more Amazon Stock Bounces Back After a Bruising Week →
The real question every trader is asking right now: did BTC already put in its bottom, or is this just a pause before another leg down? There's no clean answer yet. The $60K zone has historical significance, and a confirmed hold here could set up a strong recovery. But a close below it — especially on volume — changes the calculus fast.
If you're watching this play out, the next few daily candles matter more than anything else right now. A reclaim of $60K with momentum behind it is bullish. Continued softness in futures paired with weak spot action is your signal to stay cautious. Don't let hope drive your position sizing.
Continue reading at Cointelegraph.
