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HTX Creation Challenge — Post and Win 1,500U 💥Discuss Hot Assets , Enter the Lucky DrawHTX Refer And Earn Bitcoin whales buy 19K BTC – Can $61K keep the recovery alive? Bitcoin's outlook depends on de

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Bitcoin whales buy 19K BTC – Can $61K keep the recovery alive?

Bitcoin's outlook depends on defending $61K, with whale buying emerging as the key force absorbing recent selling pressure.
Bitcoin’s [BTC] latest recovery attempt ran into heavy selling before buyers could reclaim higher ground. After briefly reaching $66,932, bearish pressure quickly erased the advance. This shift signaled that sellers remained firmly in control.

That rejection became more significant when the price slipped below the $65,718 support. This turned the former demand zone into overhead resistance, confirming a lower high, lower low structure.

As selling accelerated, stronger bearish candles consistently overwhelmed weaker relief rallies around the $63,000-$64,000 region, reflecting fading buying interest.

This shift also appeared in momentum indicators, with the RSI falling to 36.9 while the MACD remained below its signal line as of writing. Unless buyers absorb selling near $61,221, this structure may lead to an additional decline in price for Bitcoin below $60,000.




Bitcoin whales buy 19K BTC – Can $61K keep the rec

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