Bitcoin Could Fall Toward $60,000 If $62,500 Support Breaks, Says Ted Pillows

Bitcoin failed to break above the $64,500–$65,000 resistance zone on the daily chart, according to crypto analyst Ted Pillows, who shared his market outlook in a post on X.

Pillows said Bitcoin’s immediate focus is on maintaining support between $62,500 and $62,800. He added that a daily close below this range could increase downside risk and potentially drive the cryptocurrency toward $60,000.

Bitcoin was trading at $63,247 at the time of writing, gaining 1% over the past 24 hours.

Source: Ted Pillows