Bitcoin price fell to $65,800, sparking concerns of further drop to $59,800 due to liquidity gap between $66,000 and $60,000. Failed attempts to hold $70,000 weaken short-term prospects, leading to steady selling pressure and swing failure pattern. Liquidity heatmaps show void between $66,000 and $60,500, with downside risk if $60,000 support fails.

BTC trades below moving averages with limited buying pressure indicated by RSI below 50. Order block near $60,800–$61,000 may act as liquidity target if $64,000 fails to hold. Liquidity heatmaps reveal $60,000 as a magnet for price movement with $350 million in leveraged longs near $60,500. Market analysts predict further downside toward $65,000 and potential drop to $60,000.

Read more at Cointelegraph: Bitcoin $60K Retest Possible Due To Growing Liquidity Gap