Bitcoin Price Analysis: $60K–$62K Support Zone Faces Test as Range Persists

Bitcoin has slid into the historically significant $60K–$62K demand zone after breaking below a prior major daily low near $75K and remains capped under the $75K–$77K supply area. Price has rebounded toward the $69K–$70K region on both daily and 4-hour charts but now trades in a compressed range between this resistance band and the key support around $60K. On-chain data shows the $60K area aligns with the realized price of 18-month to 2-year holders acting as support, while the realized price of 12- to 18-month holders near $85K–$90K could form resistance on any recovery.