BTCUSD Breakdown Below 62500 Could Target 50000

Bitcoin remains under pressure and is testing the key support at $62,500 within the broader sideways range.

A confirmed breakdown below $62,500 could strengthen bearish momentum and open the way toward $59,375, $57,000 and $50,000. The MACD remains weak, although the oversold Stochastic oscillator suggests that a short-term rebound is still possible.

The bullish scenario would become relevant after a breakout and consolidation above $65,625. In this case, BTC could recover toward $69,460 and $75,000.

Support: $62,500, $59,375, $57,000, $50,000
Resistance: $65,625, $69,460, $75,000