Bitcoin price drops back to $60,660 support level for third time this week. Asia has been trying, but American session proved worst performer this week. Europe has been front-running US session selling. Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week. Bitcoin price action this week has displayed notable volatility with the outlook changing as different trading sessions kicked off.
Bitcoin price faces immediate resistance from the Smooth Moving Average at $62,466, beyond which a decisive flip above $63,039 would encourage more buying activity. However, the weekly high of $65,500 is also a critical level to beat for BTC. A stable candlestick close above this level on the one-day time frame would solidify the uptrend, setting the pace for a continuation of the uptrend.