Crypto: Bitcoin Traders Diverge Over BTC Price Strength With $60k In Sight
Bitcoin gained both upside and downside targets as the Wall Street open brought fresh BTC selling pressure and tariff reactions began.
Bitcoin (BTC) battled US sellers at Monday’s Wall Street open amid mixed feelings over the short-term BTC price outlook.
Bitcoin price targets include a $60,000 drop as well as a recovery amid uncertain moves.
Bitcoin attempts to absorb repeat rounds of selling into the TradFi trading week.
US tariffs remain the key macro catalyst on the radar.
Data from TradingView showed rangebound market moves focusing on $66,000, with BTC/USD down around 2.5% on the day.
US weakness compounded an already bearish start to Monday, with sell-side pressure clearly in evidence at the weekly open.
“$BTC flushed 4.5K in one move,” crypto analyst IT Tech, a contributor onchain analytics platform CryptoQuant, wrote in his latest market commentary on X.
IT Tech described current price moves as indicating “confusion,” warning that the day’s $62,250 lows could come in for a retest.
“The long cluster at 64.2K got partially swept. If 65K fails, we retest it. Support: 65K → 64.2K / Resistance: 66.5K → 68.7K,” he summarized.
Source: CoinTelegraph
