Bitcoin (BTC) showed resilience over the weekend, holding above the key $60,000 psychological level and rebounding 6.5% from a local low of $59,100 to an intraday high of nearly $62,950 on Sunday. The recovery came despite broader market weakness, with the tech-heavy Nasdaq Composite posting its sharpest single-day decline since April 2025 on Friday, falling more than 4%. The divergence has sparked optimism that capital could begin flowing back into crypto markets. Friday’s sharp sell-off saw BTC briefly tumble to $61,100, triggering roughly $335 million in long liquidations. However, with Bitcoin already down more than 20% from its recent highs and market sentiment turning increasingly bearish, the swift rebound suggests buyers may have stepped in aggressively, catching overleveraged bears off guard and helping fuel the recovery.
Also Read: Top 10 dApp Tokens of June 2026
At the time of writing, BTC was trading at $63,094.
BTC had been trading in a range between $65,000 and $75,000. The asset broke out above the range on low volumes and rallied to as high as $82,850. However, the bulls failed to maintain control as the price faced resistance at the 200 EMA on the daily timeframe, leading to a sharp decline. BTC plunged nearly 28%, hitting a recent low of $59,130. The asset, however, managed to secure a weekly close above the key $60,000 support level. If it sustains above this support, a relief rally could be expected. On the other hand, if BTC breaks and closes below the $60,000 level, the price may decline further and test the $52,000 region.
Also Read: Weekly Crypto Report – 4th June 2026
Key Levels
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $60,000 | $60,000 | BTC | $65,000 | $82,500 |
Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!
Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
Be the first to comment