Bitcoin price prediction: Could BTC slip to $60K?

The Bitcoin price is under pressure, trading near $69,055 and range-bound between $68,000 and $70,000 as the market consolidates. Retail traders are largely bearish while large holders continue accumulating, creating a mixed sentiment backdrop. The current correction followed a rejection near $97,900 in January, which cooled short-term momentum, though strong buying near $60,000 has highlighted the market's resilience.

On higher timeframes the broader bullish structure remains intact, even as short-term technicals are fragile. Upside hinges on a decisive break above $74,500; only then would bulls be clearly in charge and short-term pressure ease. Until that happens, rallies are likely to face selling and the price may stay range-bound.

If Bitcoin fails to hold above $69,000, support at $66,000 and then $60,000 become the next focus, with deeper selling possible but also potential buying opportunities for long-term investors.

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