Bitcoin plunged from $74K to below $60K in a rapid sell-off that unleashed heavy liquidation pressure across leveraged positions.

Buyers defended the lows and lifted price back toward $64K, yet the broader trend stays weak. BTC price prediction models now focus on whether this bounce sustains or fades into further downside.

Price at $63766.15 sits inside the Bollinger Bands with upper resistance at $64071.9 while the EMA50 at $65291.01 and EMA200 at $72391.16 act as concrete overhead resistance in the bearish structure. RSI at 53.68 remains neutral and MACD shows a bullish golden cross at -455.07, yet the distance below both EMAs signals that any continuation higher likely requires a healthy retracement first to test the 50-EMA support before fresh momentum can build.