Bitcoin remains under pressure after slipping below $60,000 and trading near $59,900, close to the level shown on the daily Bitstamp chart. The move confirms that buyers are still struggling to defend the key psychological zone after a sharp decline from the 2025 peak above $126,000.
Short-term rebounds are possible, but broader sentiment remains fragile.
ETF flows and macro
Main pressure comes from persistent spot bitcoin ETF outflows and weaker demand for risk assets. According to recent market reports, US spot bitcoin funds have seen billions of dollars in withdrawals in recent weeks, while investors continue rotating toward AI and tech themes. A more hawkish Fed backdrop also weighs on bitcoin, as higher rate expectations reduce demand for non-yielding assets.
Market news
Sentiment was additionally hit by news that Strategy sold a small amount of bitcoin in June, its first sale since 2022. The sale itself was limited, but it mattered psychologically because Strategy has long been viewed as a major corporate bitcoin holder. Geopolitical uncertainty in Middle East also keeps volatility elevated, although bitcoin is currently trading more like risk asset than safe haven.
Technical picture
On daily chart, bitcoin is trading below key moving averages, while trend structure remains bearish after series of lower highs. Immediate support is located around $58,800-$60,000; loss of this area could open way toward $55,000 and then $52,000. Resistance is now near $63,000-$65,000, followed by $70,000-$72,000. Only recovery above that zone would ease downside pressure and signal stronger rebound.
Conclusion
Baseline outlook - as written in Bitcoin buyers defend $58,000 support as rebound remains fragile - remains cautious while bitcoin stays below $65,000. ETF outflows, hawkish Fed expectations and weak momentum keep sellers in control, while $58,800-$60,000 is key support zone for short-term direction. For now, any rebound looks corrective unless price returns above $70,000 with stronger volume.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
