{"id":107584,"date":"2026-06-23T02:33:03","date_gmt":"2026-06-23T02:33:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=107584"},"modified":"2026-06-23T02:33:03","modified_gmt":"2026-06-23T02:33:03","slug":"bitcoin-bears-eye-60700-target-as-btc-rejects-key-resistance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=107584","title":{"rendered":"Bitcoin Bears Eye $60,700 Target As BTC Rejects Key Resistance"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\">Bitcoin has pushed back above $65,000, but one TradingView setup is keeping traders focused on the risk of another downside leg if the market fails to sustain momentum above nearby resistance.<\/p>\n<h2 class=\"wp-block-heading\">TL;DR<\/h2>\n<ul class=\"wp-block-list\">\n<li>A TradingView analyst says BTC rejected the $64,500-$64,700 resistance area.<\/li>\n<li>The setup identifies $62,200 as the first downside target.<\/li>\n<li>A deeper target zone sits between $60,700 and $61,000.<\/li>\n<li>Bitcoin was trading around $65,101 at the time of writing, making the resistance reclaim an important test.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The TradingView post, titled <a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT\/KbNG6HDk-BTCUSDT-Bearish-Continuation-Setup\/\" rel=\"nofollow noopener\" target=\"_blank\">\u201cBTCUSDT \u2013 Bearish Continuation Setup\u201d<\/a>, argues that <a href=\"https:\/\/bitcoinist.com\/glossary\/bitcoin\/\">Bitcoin<\/a> had shown weakness after rejecting a descending trendline and resistance around $64,500 to $64,700. The analyst says sellers remain in control while price stays below that dynamic resistance structure.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin Tests The Bearish Map<\/h2>\n<p class=\"wp-block-paragraph\">The post\u2019s near-term map is straightforward. If BTC breaks below the current support area, the analyst is watching $62,200 first, then $61,000, with $60,700 described as the main target zone. The proposed invalidation is above $64,700.<\/p>\n<p class=\"wp-block-paragraph\">That last point is important because <a href=\"https:\/\/bitcoinist.com\/glossary\/bitcoin\/\">Bitcoin<\/a> has since traded around $65,101, according to current market data. In other words, the market is now testing the area that the bearish setup treated as a ceiling. A clean hold above that band would weaken the short continuation argument, while a failed breakout back below it would keep the bearish map alive.<\/p>\n<h2 class=\"wp-block-heading\">Why $64,700 Matters<\/h2>\n<p class=\"wp-block-paragraph\">Short-term Bitcoin analysis often turns on whether a broken resistance area becomes support. If BTC can turn the $64,500-$64,700 zone into a floor, traders may start looking for a broader relief move. If the level turns into another failed reclaim, it would suggest that the market is still absorbing overhead supply.<\/p>\n<p class=\"wp-block-paragraph\">The setup also comes after a choppy stretch for Bitcoin, with intraday data showing a low around $63,226 and a high near $65,123. That range is tight enough to make leverage positioning vulnerable on both sides, especially if price starts moving quickly through the levels highlighted on the chart.<\/p>\n<h2 class=\"wp-block-heading\">What Comes Next?<\/h2>\n<p class=\"wp-block-paragraph\">The bearish scenario needs confirmation. A single rejection is not enough on its own, particularly when BTC is already challenging the invalidation area. The cleaner signal would be a loss of the reclaimed resistance zone, followed by a move toward $62,200.<\/p>\n<p class=\"wp-block-paragraph\">Until then, traders have a simple decision point. Bitcoin above $64,700 shifts pressure back onto bears. Bitcoin back below that region brings the $62,200 and $60,700-$61,000 downside zones back into focus.<\/p>\n<p class=\"wp-block-paragraph\"><em>This article was written by the News Desk and edited by <a href=\"https:\/\/bitcoinist.com\/author\/samuelrae\/\">Samuel Rae<\/a>.<\/em><\/p>\n<p style=\"display: none;\">This article is based on technical analysis by TradingView analyst, available at <a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT\/KbNG6HDk-BTCUSDT-Bearish-Continuation-Setup\/\" rel=\"nofollow noopener\" target=\"_blank\">TradingView<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has pushed back above $65,000, but one TradingView setup is keeping traders focused on the risk of another downside leg if the market fails to sustain momentum above nearby resistance. TL;DR A TradingView analyst says BTC rejected the $64,500-$64,700 resistance area. The setup identifies $62,200 as the first downside target. A deeper target zone [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-107584","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/107584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107584"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/107584\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}