Updated: 17.03.2026
Today, the price of Bitcoin moved lower again, losing almost 7% in less than 72 hours. According to CoinGecko, BTC’s daily low was $62,802, while its daily high was $65,571.
TradingView data
After falling into the $62,000 range, Bitcoin’s price has recovered above $64,000, but bearish pressure remains and hints at further declines. Most likely, kriptovalyuta may retest the lower support level, potentially breaking it in search of a lower low.
The 2024 price cluster highlighted on the chart represents a strong price zone for Bitcoin. After breaking out of this cluster, the price rose sharply, leading to a prolonged bullish trend. A break below this level could trigger a reversal.
Bitcoin’s price at $60,000 is in the middle of a price cluster that lies between $50,000 and $70,000, which act as the lower and upper boundaries. This is why cryptocurrency traders are monitoring Bitcoin’s price activity around this midpoint.
If selling pressure increases exponentially and Bitcoin price drops below $60,000, a break of the last support level at $59,930 could occur, opening the way to the next Fibonacci support level near $49,000.
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