Bitcoin's $60K Floor Survives Another Test While $75K Remains a Pipe Dream

Bitcoin continues its boring consolidation act, bouncing between $60K support and $75K resistance like a pinball stuck in the middle. The lower boundary at $60K has held firm so far, but every attempt to push toward $75K has been met with enthusiastic selling. Spoiler: the bulls brought sparklers to a gunfight.

On the daily timeframe, BTC is painting lower highs and lower lows — textbook bearish behavior. The 100-day moving average around $78K and the 200-day near $90K both sit above current prices, adding overhead pressure. That recent bounce toward the $75K supply zone got rejected hard. BTC didn't even come close to the upper boundary of the descending channel or the 100-day MA. Sellers are clearly showing up to every party. And they brought friends.

The RSI has made a modest recovery over the past couple months but remains below 50, meaning bullish momentum is still MIA. For those keeping score at home, the indicator is basically screaming "not yet" while retail keeps asking "but what if this time?" Hope springs eternal, even in a bear flag.

Dropping to the 4-hour chart, BTC formed a bearish continuation pattern after rejecting at $75Kand the flag's upper trendline. Short-term trend shows lower highs and lows, and price is currently breaking below the pattern's lower trendline. The 4-hour