Bitcoin Slips Below $63,000 Over the Weekend Amid Ongoing Correction

Cryptocurrency markets faced renewed selling pressure over the weekend, with Bitcoin sliding below its previous low of $63,280 to trade around the $62,600 level heading into Sunday. The move lower extends a broader downward correction from recent highs near $75,000, bringing heightened volatility during what is typically a quieter weekend session.

Technical indicators highlight a persistent downward structure across multiple timeframes. On the daily chart, prices remain substantially lower than both the 50-day moving average near $79,700 and the 200-day moving average near $72,900. Short-term hourly charts continue to print lower highs and lower lows, with the most recent confirmed lower high registered at $66,134.

Market participants are closely monitoring key technical levels to determine the next directional move. Immediate resistance sits near the prior day low of $63,280 and the close at $64,114. On the downside, critical support rests at the weekend low of $61,947, followed by a deeper demand zone stretching from $61,453 down to $60,679, with the psychological $60,000 mark serving as the next major threshold.

What to watch next: Traders are watching whether buyers can successfully reclaim the $63,280 level or if the token will slide toward the $60,000 support zone.