Bitcoin: Probes $60K Support With $49K Target Eyed

Bitcoin tests the $60K support level once again with traders positioning bids for a potential slide to the $49K zone.

The 4h chart shows price at $63704.24 locked in a bearish trend below EMA50 resistance at $70094.07 and EMA200 at $74888.25. RSI(14) at 27.15 marks oversold momentum while the MACD death cross at -2390.66 confirms sustained selling pressure. Price sits inside the Bollinger Bands with the lower band at $61213.33 acting as the next volatility exhaustion target before any rebound attempt.

This structure sharpens BTC price prediction scenarios that factor in a crypto market crash extension if the $60K floor gives way.