Bitcoin Drops to 60,000 USD? Here Is What the Charts Are Saying Now

Bitcoin (BTC) is currently hovering on the brink near $82,500, and traders are following anxiously. After a period of sideways consolidation, the crypto giant is showing early signs of weakness—raising the question: Is the price of Bitcoin preparing for a deep drop to $60,000, or is this a bear trap before the next bullish move? Let’s take a look at the daily and hourly charts to decipher the truth behind BTC’s next big move. Bitcoin price prediction: Does the daily chart give a bearish warning?

On the daily chart, Bitcoin continues to struggle below key resistance levels. The Heikin Ashi candle has a small body and is red, indicating a lack of momentum and indecision in the market. Price action is firmly below all major moving averages—with the 20 SMA at $84,477, the 50 SMA at $86,921, and the 100 SMA at $92,808. This alignment suggests a clear bearish structure, where each bullish move is being sold into. The more concerning issue is that Bitcoin has repeatedly failed to reclaim the 100-day SMA, indicating continuous selling pressure from institutions and day traders. The presence of the 200-day SMA below the current price around $86,675 has served as temporary support in March, but has now become neutral as the price fluctuates at much lower levels. ADL (Accumulation/Distribution) has decreased significantly, confirming distribution over accumulation. This means that even in slight bullish moves, smart money has been sold off, rather than added to positions. If ADL does not change, any recovery will be suspicious. Bitcoin Incident: What Does the Hourly Chart Reveal About Short-Term Momentum?

Zooming in on the 1-hour chart, the picture becomes clearer: Bitcoin is gradually declining in a slow and controlled bleed. After briefly peaking around $87,000 on April 2, BTC has experienced a strong rejection and has since formed lower highs. The recent attempt to rally has been completely halted at the 200 SMA near $83,300, confirming this as a short-term resistance level. The moving averages on the hourly SMA (20, 50 and 100) are converging and curving downwards, often leading to a momentum crash, especially when combined with flat volume and fading bullish candles. The most recent Heikin Ashi candles have small bodies and lean towards bearish, indicating that the buyers are losing momentum and are unable to sustain even the intraday recoveries. The hourly ADL is falling, further confirming the lack of demand at the current price level. Retail interest rates appear low and there are also no signs of accumulation due to whales pushing in this timeframe. Bitcoin crash: What are the key support and resistance levels for Bitcoin? Immediate support is at $82,000, which has been tested multiple times in recent sessions. A decisive break below this level could trigger a strong sell-off down to $78,500, with psychological and structural support around $75,000. If unsuccessful, the long-awaited fear-driven move towards $69,000–$60,000 could occur swiftly. On a positive note, the resistance level is around $84,500, followed by $86,900, both marked by the 20 and 50 daily SMA zones. Only by surpassing the $87,500–$88,000 level, supported by volume, can a bullish reversal be confirmed and the current bearish setup denied. What do the indicators show? Moving Average: In both time frames, BTC price is trapped below all key moving averages. This is a typical sign of a prolonged bearish trend. The tightening of shorter SMA lines on an hourly basis indicates that volatility is likely to spike soon—possibly falling if support is broken. Heikin Ashi Candles: Weak and indecisive candles on both the daily chart and hourly chart. This indicates exhaustion and lack of commitment to the trend from both buyers and sellers, but in the current context, the trend is leaning towards sellers. ADL (Accumulation/Distribution ): This is the clearest warning sign. The sharp decline of ADL on the daily chart shows strong selling pressure and no meaningful accumulation. Until this reverses, bullish moves may only last for a short time. Bitcoin Price Prediction: What Will Happen Next in April? Short-term outlook (48–72 hours ahead ): If $82,000 fails, expect a swift drop to $78,000 or lower. If the buyers hold firm and reclaim $84,500 with volume, we could see a short-term recovery to $87,000. Medium-term outlook (1–2 weeks ahead): If it cannot break through the 100-day SMA, the price of Bitcoin risks falling sharply to $75,000. Market sentiment is fragile and macroeconomic news or ETF cash flow could shift the balance. Long-term outlook (The remainder of April 2025: If $75,000 is broken in April, a full correction down to $60,000 is possible. However, if the bulls try to reclaim the $90K territory, it could open the door back to $100K. Is Bitcoin about to collapse? The chart is very clear—the price of Bitcoin is at a critical level. The current structure favors the bears, with no strong signs of a reversal yet. Weak accumulation, fading momentum, and key resistance levels are pushing the price of BTC lower. Unless the bulls come in strongly early, a deep correction may be imminent. So, is the price of Bitcoin heading towards $60,000 or ready to bounce back? Currently, the trend suggests: Proceed with caution.