Bitcoin Price Prediction: Liquidity Base Near $60K Anchors $70K Recovery

Key Insights:

• Bitcoin price prediction has $60K liquidity support, which determines the odds of a $75K reclaim.
• BTC Inverse head and shoulders pattern signal imminent reversal in the short term if the neckline at $67K is broken.
• Weekly RSI reset at $65K macro support suggests bull cycle correction, not collapse.

Bitcoin price is trading above $60K following a significant drop from past highs of $95K. BTC price leveled off above a significant liquidity pool.

According to analysts, there is a convergence of signals in both short-term reversal patterns and weekly macro support. Bitcoin price prediction relies on support at around $60K as a basis for a recovery toward $70K.

Liquidity Structure Frames Bitcoin Price Prediction

According to analyst Ted, the two-day chart shows a structural breakdown followed by stabilization at demand. Bitcoin price fell from the $90K zone, losing several support shelves.

Price then settled within the $60K liquidity cluster. Former supports above now function as resistance across the structure.

BTCUSD 2D CHART | SOURCE: X

The $75K zone represents a key reclaim level within the current framework. This zone previously served as a consolidation base before the impulsive rally.

Now it acts as a barrier that must be recovered. Bitcoin price prediction depends on the reaction strength near this mid-range resistance.

Below current levels, the $63K pocket coincides with past high trading volumes. This intersection is a rational response zone for buyers. Any drop below $58K would reveal the downside to $50K. On the other hand, if support is maintained, it could enable a relief rally above $70K.

Furthermore, overhead supply aggregates are concentrated around the $78K range and the wider $85K band. These zones depict intense distribution from previous price activity.

Directional continuation will be guided by reaction behavior at these levels. BTC price is between support defense and resistance containment.

Inverse Head & Shoulder Support Recovery

Meanwhile, Trader Tardigrade identifies an inverse head and shoulders formation on the one-hour chart. The structure developed after a local downtrend phase.

A left shoulder, a deeper head, and a forming right shoulder define the pattern. This signals potential seller exhaustion at lower levels.

BTCUSD 1H CHART | Source: X

The neckline is close to the resistance zone within a horizontal supply around the level of $67K. Price has recently shifted towards this level with increased momentum.

For confirmation, a decisive close above the neckline is needed. Bitcoin price prediction includes a measured move toward $68K if validation occurs.

Additionally, there is a slight pullback on the projected path after contact with the neckline. Such retests usually precede continuation in reversal patterns.

A move above the neckline would establish short-term momentum on the bullish side. This is in line with a relief rally in the broader consolidation market.

However, invalidation occurs if price breaks below the right shoulder support. That development would negate the reversal framework. Focus would then shift toward downside continuation risks. For now, the asset reflects early accumulation behavior within the pattern structure.

Support and RSI Reset Shape Macro Outlook

According to Crypto Caesar, the weekly chart shows Bitcoin retesting a major horizontal support zone. Price retraced from six-figure highs toward the $65K band.

This band previously acted as a resistance before being broken. Retests of such levels often define structural support conditions.

BTCUSD 1W CHART | SOURCE: X

RSI behavior during previous macro resets is also pointed out in the chart. Similar retests in 2020 and 2022 slowed momentum considerably.

In both instances, RSI fell below the price levels and then leveled off. Its current location indicates a repetition of normalization in the cycle.

Moreover, a combination of horizontal support with the RSI reset indicates a corrective period in a continuous structure. Such resets can be historically observed as reaccumulation.

This cyclical momentum pattern shapes Bitcoin price prediction. Price stability near support remains a key structural factor.

Additionally, the macro support thesis would be weakened by a decisive weekly close below $62K. That is an indication of a transition into deeper retracement conditions.

The asset is currently testing a critical macro floor. Reaction strength will influence the positional structuring over time.

The post Bitcoin Price Prediction: Liquidity Base Near $60K Anchors $70K Recovery appeared first on The Market Periodical.