Bitcoin is attempting to rebound after piercing the prior artificial support zone around $60,000, but the rebound has not repaired the broader technical damage. The most important point from today’s market analysis is that BTC failed to close back above TBO Resistance after the level flipped from support to resistance. Until that changes, the bounce remains vulnerable.

Bitcoin Fails to Reclaim TBO Resistance

BTC reached the $59,000 area on Friday and Saturday, snapped back on Sunday, and then failed to reclaim the former support area as resistance. The key level now is Monday’s low just above $62,000. If that breaks, the analysis expects a fast move back below $60,000, with the…