Bitcoin Headed to $60K? The Charts Are Flashing Red

Bitcoin is hovering near $82,500, and traders are sweating. Is this just a breather—or are we staring down a major dump to $60K?

Let’s decode the signals and see what the charts are really saying.

📉 Daily Chart: Bulls on Life Support

• BTC is struggling to reclaim any real resistance.
• Heikin Ashi candles? Small, red, and sad—classic signs of weak momentum.
• Bitcoin is stuck under every major moving average:
  • 20-day SMA: $84,477
  • 50-day SMA: $86,921
  • 100-day SMA: $92,808

This setup screams bear market: lower highs, rejected bounces, and no sign of strength from big players.

➡️ Plus, the Accumulation/Distribution Line (ADL) is tanking. That means smart money is selling the rip, not buying the dip.

🕐 Hourly Chart: Controlled Bleed Mode Activated

• BTC peaked at ~$87K on April 2nd and hasn’t looked the same since.
• Lower highs = clear downtrend.
• Rejected hard at the 200-hour SMA (~$83,300).
• All short-term SMAs are curling down. Momentum? Nah.
• Volume is drying up, and the hourly ADL says: no one’s buying.

⚔️ Key Levels to Watch

Support Zones:

• $82,000 – Holding for now, but barely
• $78,500 – Minor support
• $75,000 – Strong psychological floor
• $69,000–$60,000 – If panic kicks in, welcome to the danger zone

Resistance Zones:

• $84,500 – 20-day SMA
• $86,900 – 50-day SMA
• $87,500–$88,000 – Bullish breakout zone

A move above $87.5K with volume could change the game. Until then, it’s still looking bearish.

🧭 Indicators: Not Feeling It

• Moving Averages: BTC is below every key line—daily and hourly. Not bullish.
• Heikin Ashi Candles: Mostly red and skinny = weak buying interest.
• ADL: Trending down. Smart money isn't here for the pump.

🔮 What’s Next for Bitcoin?

Short-Term (48–72 hours)

• Break below $82K? We’re likely going straight to $78K or $75K.
• Hold and bounce? Could retest the $87K range.

Mid-Term (1–2 weeks)

• If BTC can’t reclaim the 100-day SMA, expect a slow bleed toward $75K.

Long-Term (April)

• Lose $75K? Say hello to $60K.
• Break above $90K? Maybe we’re back in the run for $100K.

TL;DR: Buckle Up, It's Crunch Time

• BTC’s current price action looks shaky at best.
• All the main indicators point to weakness, not strength.
• Until buyers show up loud and proud, expect more downside.

Whether you're holding, trading, or just spectating—don’t sleep on the charts. $60K isn’t FUD—it’s a real possibility.