BTC could retest $60K if $68K support fails, analysts say

Bitcoin could fall to the low $60,000s if it fails to hold the $68,000 level, according to market analysis. Cointelegraph reported that while a large sell wall has accumulated above $72,000, a liquidity gap between $60,500 and $66,000 could allow the price to fall through this range quickly. The outlet added that downward pressure remains due to $350 million in BTC long positions concentrated around $60,500. Separately, crypto trader Husky noted that the market structure is weakening. He said BTC must reclaim $68,000 for a short-term rebound, warning that a failure to do so could lead to a correction down to $65,000. Husky expects BTC to continue fluctuating in a wide range between $60,000 and $72,000.