Bitcoin holding above $60K support with new short-term price pattern confirmed
Bitcoin is drifting slightly higher inside a tight trading range, a neutral-to-mildly-positive setup for traders while big moves stay on hold.
- Bitcoin is stuck in a rising channel, bouncing between support and resistance with no strong momentum either way.
- The main signal is a bullish divergence on the daily and weekly charts, hinting at a slow recovery over the coming weeks or months, not a fast pump.
- Right now Bitcoin is testing the middle of its channel near $64K, which usually decides the next short move up or down.
- Ethereum looks the strongest, holding a double-bottom bounce, while XRP and Solana lag behind.
- Expect more choppy sideways action in the near term, leaning slightly up as long as key support holds.
Outlook: Sideways-to-slightly-higher price action likely continues in the coming days, with a possible push toward the top of the channel near $66K if support holds.
## Bitcoin Levels
- **Bias:** Mildly bullish short term (rising channel + active bullish divergence), but no big move expected soon
- **Support:** $60,000 (major, 3-day); channel center ~$64,000β$64,150; channel lower line ~$63,000; downside liquidity ~$61,200β$61,400
- **Resistance:** $65,000β$66,000; channel upper line just under $66,000 (~$65,800β$65,900); upside liquidity ~$65,700
- **Targets:** Upside toward channel top ~$66,000 / upside liquidity ~$65,700; downside toward ~$61,000β$61,500, then $60K if channel breaks
- **Invalidation:** Break and hold below ~$64,000 points to the $63,000 lower channel line; a full break below the channel opens $61Kβ$60K