bullish

Bounce

Bitcoin

Momentum

<p>The <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC) price</a> has entered one of its most critical price zones after a sharp breakdown pushed the asset back toward the $60,000 support range. The latest selloff wiped out key mid-range demand, raising concerns that the market may be entering a deeper corrective phase. The price has slumped by 3.80%, while the volume has slightly risen by nearly 10%, rising above $33B.&nbsp;</p>
<p>However, despite the bearish pressure, liquidation data and price structure suggest a short-term rebound could still be in play. The question now is whether Bitcoin is preparing for a genuine recovery or simply a dead cat bounce before another leg lower.</p>
<h2 id="h-bitcoin-price-analysis-btc-tests-final-support-zone" class="wp-block-heading">Bitcoin Price Analysis: BTC Tests Final Support Zone</h2>
<p>The daily chart shows Bitcoin losing its major demand zone between $65,500 and $67,000, a region that had acted as strong support for months. This breakdown shifted short-term momentum firmly in favor of the bears. Price has now fallen into the lower support block near $59,500 to $60,500, which marks the final major defense before deeper downside opens up.</p>
<figure class="wp-block-image size-large"><img width="1024" height="537" src="https://image.coinpedia.org/wp-content/uploads/2026/06/24225028/BTCUSDT_2026-06-24_22-13-37-1024x537.webp" alt="btc price">
</figure>
<p>At the same time, Bitcoin remains below its VWAP, currently acting as dynamic resistance near $63,000. This suggests sellers still control the broader trend, while any recovery attempt may face immediate pressure.</p>
<p>Momentum indicators also remain weak, although the MACD is beginning to flatten, a sign that selling momentum may be slowing. Moreover, the levels are heading for a bearish crossover that will validate the bearish trajectory.&nbsp;</p>
<h3 id="h-liquidation-map-shows-a-potential-short-squeeze" class="wp-block-heading">Liquidation Map Shows a Potential Short Squeeze</h3>
<p>The Bitcoin liquidation heatmap adds another important layer to the setup. Current price action sits directly below a large cluster of short liquidations between $61,500 and $66,000, meaning a bounce from current levels could trigger forced short closures and push BTC higher in the near term.</p>
<figure class="wp-block-image size-large"><img width="1024" height="405" src="https://image.coinpedia.org/wp-content/uploads/2026/06/24224950/Screenshot-2026-06-24-at-10.17.33-PM-1024x405.webp" alt="btc price">
</figure>
<p>This creates the setup for what traders often call a “dead cat bounce”—a temporary recovery driven by liquidity rather than strong bullish conviction. If Bitcoin moves into this zone, volatility could rise sharply.</p>
<p><strong>Key Price Levels to Watch</strong></p>
<p>The most important support remains between $59,500 and $60,500, which is the critical support.&nbsp; If bulls defend this level, BTC could attempt a relief rally toward the following:</p>
<ul>
 <li>$61,500</li>
 <li>$63,000</li>
 <li>$65,500</li>
</ul>
<p>However, the strongest resistance remains between $63,000 and $65,500, where VWAP and previous demand now overlap. If Bitcoin fails to reclaim this region, the market could remain vulnerable to another selloff. A breakdown below $59,000 may expose it to $57,000 or lower to $54,000.&nbsp;</p>
<h3 id="h-is-bitcoin-price-heading-for-a-dead-cat-bounce" class="wp-block-heading">Is Bitcoin Price Heading for a Dead Cat Bounce?</h3>
<p>Bitcoin’s latest breakdown has pushed the market into a crucial support zone, but the broader structure remains fragile. While liquidation data points to a possible short squeeze and a temporary recovery, the real question is whether this move will carry enough strength to reverse the trend.</p>
<p>At the moment, the setup increasingly resembles a classic dead cat bounce, a short-lived rebound that often follows heavy selling before the larger downtrend resumes. If BTC manages to defend the $60,000 zone and reclaim resistance between $63,000 and $65,500, the market could regain some stability. But failure to do so may confirm that this bounce is merely a liquidity-driven reaction, not a full recovery.</p>
<p>For now, all eyes remain on whether the Bitcoin price is truly bottoming out or simply heading for a dead cat bounce before the next major move lower.</p>

Bitcoin Price at $60K: Is This a Dead Cat Bounce Before the Next Breakdown?

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