Bitcoin is currently trading at roughly $60,300, just shy of the $60,000 psychological barrier that has historically acted as a cushion for the price. While the coin has managed a 2.5 % rise over the past 24 hours, the market’s fear‑greed index sits at 15, the lowest point in the “Extreme Fear” range. This combination of a modest rally and a highly fearful sentiment means that a sudden pullback could quickly erode the gains.
Analysts point out that if Bitcoin slides below the $65,000 ceiling, it could ignite a fresh selling spree. However, many traders expect a defensive rally to emerge as the price approaches the 60k floor. In the current environment, the