Bitcoin price prediction: Will $60,000 support hold? BTC slides 2.21%

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Bitcoin drops 2.21% to $60,953 today

Highlights

Bitcoin faces sustained institutional selling, as 13 consecutive days of spot ETF outflows intensify downward pressure and liquidity risk.
Large holders, including Strategy Inc., now have $62 billion in unrealized losses amid sales disclosures and shrinking treasury demand, potentially increasing forced liquidations.
Bearish technical momentum prevails, with price trading below key averages and a high-probability downside range of $57,566.93 to $64,339.87 expected in the next 2–3 days.

Institutional outflows and treasury losses as capital rotates to AI

Sustained outflows from spot Bitcoin ETFs, with 13 consecutive trading days of net redemptions, have signaled persistent institutional selling and contributed to downward pressure on Bitcoin. Major institutions and corporate treasury holders, such as Strategy Inc., have faced $62 billion in collective unrealized losses after the asset moved below the $75,699 average buy price for large holders, raising the prospect of further forced or voluntary disposals. Disclosures of actual Bitcoin sales by some corporate holders have directly added to market supply and diminished treasury demand. This activity has unfolded as a portion of investment capital has rotated into the artificial intelligence sector and toward upcoming IPOs such as SpaceX, as noted by Strategy Inc. and Michael Saylor.

Bearish momentum confirmed as BTC tests oversold technicals

On the hourly chart, BTC is currently positioned below the MA-20 at $61,152.84 and the MA-50 at $62,516.63, while also trading below the MA-200 on the daily chart at $78,810.48. Immediate resistance is marked by the Ichimoku Kijun level at $61,409.46. Momentum indicators highlight a strong bearish structure, with MACD on a Strong Sell signal and the ADX also indicating a Sell mode. The RSI is at 37.09 and the CCI is in oversold territory, pointing toward increasingly oversold conditions. Stoch RSI is Neutral, suggesting potential for short-term consolidation, while BBP remains in oversold territory and the Awesome Oscillator confirms the continuation of the current downtrend.

Downside risk elevated as volatility band signals weak reversal odds

Over the next 2–3 trading days, BTC is expected to remain within a volatility band spanning $57,566.93 to $64,339.87. The probability of a further downside extension is very high, with a reversal considered unlikely in the near term. If price breaks above the immediate resistance at the Kijun level, an upside scenario could form, but sustained selling would likely accelerate if the support at the lower end of the corridor fails.

Viktoras Karapetjanc, expert at Traders Union, sees continued institutional outflows and macro capital rotation as the main catalysts for Bitcoin’s current weakness. He believes loss thresholds and ongoing reallocations into AI and IPOs are clouding sentiment and limiting immediate upside. The analyst expects oversold technicals to attract marginal buyers, but overall structure remains under negative pressure while selling persists. "Momentum could shift if BTC stabilizes above resistance and capital flows return, but right now, the cautious stance dominates the market."

Earlier, analysts noted that heightened macroeconomic pressures and sector-specific vulnerabilities, such as rate hike concerns and security flaws, were amplifying downside risk across the crypto market. The latest evidence of sustained institutional outflows and the prospect of corporate treasury liquidations introduce a fresh catalyst for volatility, making the durability of the $57,566.93 support a critical threshold for traders in the coming sessions.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.