BTC rebounds from a 3-month low — but are the bulls strong enough yet?
BTC hit a low of $62,006 last night before recovering to ~$64,770, up more than 4.5% from the low. Even so, BTC is still down ~3% over 24 hours and is heading for its 6th consecutive losing week — the weekly candle opened around $75,000 and is now at ~$64,800.
The daily RSI is only ~19.4, deep in record oversold territory. The Fear & Greed Index fell to 10 — “Extreme Fear.” The market just saw ~$1.96 billion in liquidations over 24 hours, with 319,000 traders “wiped out.”
📉 Support: $62,440 → $62,006 (weekend low) → $60,000 (psychological level) → $57,700 (2026 low).
📈 Resistance: $65,000 → $66,000–$68,000 → $70,000.
The macro picture remains bleak: the Fed’s November financial stability report listed AI, risk-asset corrections, high long-term interest rates, and public debt as the biggest risks; markets are pricing in an ~88% chance of a Fed rate hike in December.
The biggest loser today: $SKY , down 6.53% to ~$0.053, with a market cap of ~$1.2 billion. SKY is the governance token of Sky Protocol (formerly MakerDAO) and is down ~17.4% over the past 7 days.
Do you think $60,000 will hold, or will BTC retest its yearly low of $57,700? 👇
#CryptoNews #Bitcoin #BTC #Sky
Market information, not investment advice.
BTC hit a low of $62,006 last night before recovering to ~$64,770, up more than 4.5% from the low. Even so, BTC is still down ~3% over 24 hours and is heading for its 6th consecutive losing week — the weekly candle opened around $75,000 and is now at ~$64,800.
The daily RSI is only ~19.4, deep in record oversold territory. The Fear & Greed Index fell to 10 — “Extreme Fear.” The market just saw ~$1.96 billion in liquidations over 24 hours, with 319,000 traders “wiped out.”
📉 Support: $62,440 → $62,006 (weekend low) → $60,000 (psychological level) → $57,700 (2026 low).
📈 Resistance: $65,000 → $66,000–$68,000 → $70,000.
The macro picture remains bleak: the Fed’s November financial stability report listed AI, risk-asset corrections, high long-term interest rates, and public debt as the biggest risks; markets are pricing in an ~88% chance of a Fed rate hike in December.
The biggest loser today: $SKY , down 6.53% to ~$0.053, with a market cap of ~$1.2 billion. SKY is the governance token of Sky Protocol (formerly MakerDAO) and is down ~17.4% over the past 7 days.
Do you think $60,000 will hold, or will BTC retest its yearly low of $57,700? 👇
#CryptoNews #Bitcoin #BTC #Sky
Market information, not investment advice.
