Bitcoin Price Slips Below Crucial Support at $63,000 -- Here's Why Traders Now Watch $60,000 Support

Bitcoin slipped back below a pivotal $63,000 level as fresh ETF outflows underscored waning institutional demand for cryptocurrency exposure. The move pushed BTC toward $62,700, down about 1.7% in the last 24 hours, bringing the next major support near $60,000 into focus. The break of the $63,800 zone disrupted a previously forming ascending triangle and raised questions about short-term momentum. Traders monitor whether prices can reclaim the broken level; a recovery above roughly $63,600 could trigger a squeeze toward $65,000–$67,200, while failure to do so keeps the downside intact toward the $60,000 zone.