Bitcoin price rejects from range high as bearish structure threatens drop below $60,000
Bitcoin price has faced clear rejection near $69,000 resistance, reinforcing range-bound conditions and weakening short-term momentum. Loss of key volume support now increases the probability of a move toward $60,000.Rejection at $72,000 value area high confirms resistance. Bitcoin price action remains confined within a broader trading range, with recent attempts to test the upper boundary failing to gain traction. The rejection near the value area high signals that buyers lack the strength to sustain a breakout, shifting short-term bias back toward the downside. As structural weakness builds, traders are increasingly focused on whether range support can continue to hold.Bitcoin recently approached the upper boundary of its established trading range, with resistance near $72,000 acting as the value area high. However, the rally into this region lacked conviction. Price barely tested the full extent of resistance before sellers stepped in, confirming that overhead supply remains domina