Bitcoin Price Faces a Key Test at $61K as Bears Eye $49K

Key Insights:

• Bitcoin price prediction shows BTC hit a make or break zone after it fell to $63,214 after a sharp 48-hour sell-off.
• If selling pressure persists, Bitcoin’s price could drop to as low as $49,000.
• Bitcoin now has a clear recovery path, but it will need to fight through a few levels first.

Bitcoin price may be heading for a faster drop toward $56,000 if support at $61,000 gives way in the latest Bitcoin price prediction.

Over the last two days, the price has moved lower in clear steps. That slide has now brought Bitcoin into the lower band of a two-year channel, putting a major support zone under pressure.

Bitcoin Price Prediction: BTC/USD Enters Make-or-Break Zone

As per a recent Bitcoin price prediction, the evidence is clear, and the risk is built into the market structure itself.

Bitcoin lost ground over the last 24 hours, dropping 4.83% from $66,424 at the open to $63,214 by the latest reading.

The session was also wide and volatile. Price peaked at $66,604, then fell to $62,717, leaving a 6.20% range for the day.

More importantly, the move did not look smooth or orderly. Instead, the market appeared to fall through thin zones with weak support, as price slipped through gaps in liquidity rather than moving down in steady steps.

If you widen the view to 48 hours, the move looks different. What first seemed like a controlled pullback started to turn into a faster repricing.

That price action fits the channel structure. One support shelf breaks, and then the market quickly searches for the next one.

In short, the Bitcoin/USD price is not drifting lower in a calm way. It is moving down in stages, and each break forces a fresh level discovery in real time.

The clearest part is how it happened. Two candles inside that 48-hour window explain the move, and they make the process look mechanical rather than emotional.

Bitcoin Price Falls to $62,717

Bitcoin’s biggest 30-minute volume burst in the last 48 hours hit on Feb. 23 at 01:00 UTC. Volume surged to about nine times its normal 48-hour average, showing just how aggressive that move was.

That surge came as Bitcoin dropped hard into the $65,000 zone. In other words, heavy trading arrived at the same time price lost another key level.

Then, on Feb. 24 at 05:00 UTC, the market set the lowest point in that window at $62,717. Soon after, Bitcoin made its first clear move into the low-$63,000 range.

Taken together, the Bitcoin price prediction sequence shows a market moving in steps. First came the high-volume breakdown, and then came the deeper push lower.

On the two-year channel map, the setup now looks like a ladder. A ladder feels stable, but only until one rung breaks.

That is why these levels matter so much. They give the market a clear path on the way up and on the way down.

Bitcoin now has a clear recovery path, but it will need to fight through a few levels first. Iif it keeps falling, watch $61,726 and $61,099 first. If those break, the next big level below is $56,048. If support fails at each step, price can move lower much faster.

In other words, the chart now gives a tight set of coordinates. A bounce must reclaim the previous zone to prove strength.

Once a support level fails, it often comes back as resistance. In other words, the level that once acted like a floor starts behaving like a ceiling.

That is exactly why a consistent chart framework helps, because it lets you track the same levels as market behavior changes. For months, the market has been teaching the same lesson, just at different price levels.