However, with increased pressure amid a broader market downturn could mean a fresh demand zone will be lower. Per analysts at IntoTheBlock, breaching $60k could see bears targeting lower support levels.

Today, July 4, 2024, BTC's price has broken below key technical levels, including the 200-day moving average and the $60,000 support level, potentially signaling a shift in market sentiment and increased risk of further declines.