BIT Research said the Bitcoin market is being weighed down by several factors at the same time. According to the note, the Federal Reserve’s hawkish shift, a contraction in stablecoin liquidity and seasonally light trading activity are all limiting upward momentum. Under these conditions, Bitcoin remains under pressure above the $60,000 level.
The report identified $62,446 as the key support level now facing a test. As liquidity continues to disappear, price action has less support from fresh buying demand, while the lack of a short-term upside catalyst adds further pressure. The combination of tighter liquidity and quieter trading conditions has kept Bitcoin focused on its support zone rather than a clear rebound.
BIT Research also compared the current setup with Bitcoin’s bottom-building phase in 2022. While the market remains pressured in the near term, the report said Bitcoin may repeat a similar bottoming pattern, using the current period of consolidation and support testing to accumulate momentum for the next bull market cycle.