According to CoinMeta, Bitcoin is currently testing the $60,000 support level, with a short-term resistance level around $63,500, which increases the downside risk. Based on the cycle model, a bottom of $40,000 could emerge. Analysts point out that the current rebound may lose momentum, leading to Bitcoin sweeping liquidity towards the $60,000 support area. The resistance level around $63,500 is expected to be crucial; if broken through, it could indicate higher targets. The long-term cycle model suggests that a deeper bottom might occur in 2026, with prices ranging between $40,000 and $45,000.