Crypto Markets Teetering as Bitcoin Resists $60K Barrier

Bitcoin's price action is being closely watched as it holds above $60,000 without a confirmed candle close below. A bullish divergence is visible across multiple timeframes, with lower price lows and higher RSI lows, which helped produce short-term relief from recent selling pressure. However, this relief has stalled directly at the $60,500 to $61,000 resistance zone, where previous support has flipped into resistance.

The liquidation heatmap shows significant liquidity clustered above at $62,000 and between $63,200 and $63,500, making a push toward $62,000 plausible once resistance clears. Ethereum is mirroring the February structure, with horizontal lows, an oversold first low, and a higher RSI low suggesting early momentum recovery. If this pattern continues, choppy sideways action or a modest relief rally could follow over the coming days.

XRP's weekly trend remains technically bearish, but sellers are losing momentum rather than buyers taking control. The past two days have produced extremely small candle bodies, a classic outcome of a bullish divergence. A stable US market open on Monday is the single most important near-term catalyst for Bitcoin and Ethereum.