Why $60.4K is now Bitcoin's most important support zone
Bitcoin closed near two-week highs around $63,960 this week, but traders say the band where 604k becomes most important sits between $60,400 and $60,900. Analyst Killa warns that failing to hold that zone on a retest could send BTC straight back toward recent lows, while bulls still need a decisive break above $65,000 to flip sentiment.
BTC price action is pressuring nearby liquidity as the market digests macro crosscurrents, cooling exchange inflows, and a sentiment gauge that is finally easing out of extreme fear. Here is what moved Bitcoin and the wider crypto complex this week.
Key Takeaways
- Trader Killa names the $60,400–$60,900 zone as Bitcoin's most important support to hold on any pullback.
- Bulls need a sustained move above $65,000 to open a path toward the 100-day moving average near $69,500, per analyst Anndy Lian.
- South Korea's media and communications review body will hear from Polymarket before deciding on corrective action over gambling concerns.
- A dormant address tied to a New York lawsuit moved about $1.9 million in BTC after nearly 15 years of inactivity.
- Exchange inflow data shows panic selling cooling among both retail and whale investors.
Why does the $60.4K zone matter for Bitcoin right now?
Bitcoin hit $63,960 at the weekly close — its highest level in nearly two weeks, according to Cointelegraph. That push squeezed short positions, but analysts argue the rally still lacks the conviction needed for a true trend inflection.
Trader Killa told followers on X that the corridor between $60,400 and $60,900 is the most important area to watch. "If we cannot hold this price region on a revisit, I'm afraid we are going to trend directly to the lows again," the analyst said — a warning that frames the coming sessions as a make-or-break test for bulls.
Blockchain advisor Anndy Lian added that optimism must be backed by price. A breakout above $65,000 could set up a broader test of the 100-day moving average near $69,500. Until then, the market remains range-bound near local lows despite improving sentiment.
What else is shaping crypto sentiment this week?
US equity strength is giving some analysts reason to expect risk appetite to persist, even as warnings of a potential stock-market correction linger. Exchange inflow data suggests panic is fading among both retail traders and large holders — a sign selling pressure may be easing.
Crypto fear-and-greed readings have climbed to monthly highs and sit on the edge of exiting "extreme fear." For more weekly moves across digital assets, see our Fintech & Crypto Alerts coverage.
Meanwhile, South Korea's media and communications review body will hear from Polymarket before deciding whether to issue a corrective request against the prediction market over gambling concerns. The move adds to mounting global scrutiny of prediction markets that operate on crypto rails.
Why did a 15-year dormant wallet wake up during a NY lawsuit?
Separately, a Bitcoin address dormant for nearly 15 years transferred roughly 30 BTC — about $1.9 million — for the first time in almost 15 years, according to Cointelegraph. The wallet is among 39,069 addresses listed in a New York lawsuit filed by pseudonymous plaintiff "Noah Doe" and two Wyoming-based companies seeking ownership of inactive holdings.
The case tests how dormant cryptocurrency is treated under New York's lost-property statutes. Legal experts note that inactivity alone does not equal abandonment, and one defendant identifying as "John Doe 33" has filed a motion to dismiss, arguing Bitcoin addresses are data strings that cannot be sued.
Galaxy Digital research head Alex Thorn flagged growing on-chain activity from wallets tied to the dispute, underscoring how court fights and blockchain movements are now unfolding in parallel.