$BTC is trading around the low-$60,000 range after a sharp correction from its 2025 all-time high above $120,000. Recent selling pressure has been driven by weaker investor sentiment, reduced expectations for interest-rate cuts, and capital rotating into AI-related stocks and major upcoming IPOs. Barron's +1
Technical Outlook
Key support: $60,000–$61,000 Major support: $57,000 Resistance: $66,000–$70,000 Trend: Bearish in the short term, but still neutral-to-bullish for long-term investors if major support levels hold. What Traders Are Watching Bitcoin's ability to stay above the $60K support zone. U.S. Federal Reserve policy and interest-rate expectations. ETF flows and institutional demand. Competition for investor capital from AI and technology sectors. #USCPISurgesToThreeYearHighOf4.2% #USMayCoreInflationBelowForecast #OilVolatilityReturnsToPreIranWarLevels