Bitcoin drops below $62,500; tests $60,750 support, eyes $60,200 next

Bitcoin drops below $62.5K and the 100‑hour SMA. Bears hold the range; $61.2K is the key line.

Bitcoin failed to hold the $63.5K support zone and extended losses below $63.2K and $62.5K per NewsBTC. Price printed a $60,746 low, then bounced to the 23.6% Fib of the $64,613 → $60,746 move.

BTC trades under $62.5K and the 100‑hour SMA per the same analysis. A bearish trendline caps near $62.4K.

Upside needs a close above $63.2K. Then $63.5K comes next, with $64.5K and $65K above.

Failure at $63.2K keeps pressure on supports. First $61,650, then $61,200 and $60,750. Below that, $60,200, with $60,000 as the main floor.

Key levels
- Resistance: $62,500; $63,200; $63,500; $64,500; $65,000
- Support: $61,650; $61,200; $60,750; $60,200; $60,000

Signals
- Hourly MACD: losing bearish momentum
- Hourly RSI: above 50