Bitcoin traders diverge over BTC price strength with $60K in sight

BTC/USD is rangebound around $66K, down 2.5% on the day. US weakness compounded a bearish Monday start — sell-side pressure is real at the weekly open.

Crypto analyst IT Tech called out a “$BTC flushed 4.5K in one move,” describing current price action as “confusion.” He warns that the day’s $62,250 lows could get retested. “The long cluster at 64.2K got partially swept. If 65K fails, we retest it. Support: 65K → 64.2K / Resistance: 66.5K → 68.7K.”

Trader Jelle eyes a potential sweep to $60K if bulls can’t build a foundation in this narrow range. But others are more hopeful — commentator Exitpump flagged an ongoing tentative recovery in the Coinbase Premium as an early sign conditions might improve. “We had aggressive spot buying, but it stopped for now, funding is negative and Coinbase premium is almost back. Tricky place, but I am bullish here.”

Crypto trader Michaël van de Poppe had similar vibes: “Pretty good wick on the markets for $BTC.” He added: “That would be a signal that this won't continue to fall, however, it still needs to hold above $65K and get continuation in the coming days to clearly signal this. First steps are great.”

US stocks continued a nervous start to the week on futures, thanks to the threat of fresh US trade tariffs. The 15% blanket levies were announced by President Donald Trump over the weekend after the Supreme Court struck down some previous measures.

Trading firm QCP Capital called the tariff debacle an “immediate catalyst” for Bitcoin. “This escalation has added another layer of policy uncertainty at a time when macro risk appetite is already thinning.”

QCP also tried to find a silver lining, noting the lack of a broad market flush around the headlines. “After several aggressive flushes this year, both the scale of volatility spikes and the intensity of liquidation cascades have somewhat moderated. Even on the latest tariff headline from Trump, spot didn’t immediately gap lower on the news as it typically has in prior episodes, instead softening into the Asia open. That shift in reaction function is notable.”