The broader cryptocurrency market continues to trade under pressure, with Bitcoin (BTC) struggling for direction near $60,000 on Monday. Retail sentiment in crypto leans bearish, with CoinMarketCap’s Fear and Greed Index at 15 on Monday, maintaining a sideways trend deep in the “Extreme Fear” zone.

Amid bearish market pressure, Zcash (ZEC) and Jupiter (JUP) are the leading losers over the last 24 hours. 

Bitcoin’s uncertainty near $60,000 signals rebound chances

Bitcoin hovers below $60,000 at press time on Monday, maintaining a near-term mixed bias. The consolidation near the $60,000 support level reflects bullish resilience guarding the downside to the July 5, 2024, low of $53,485.

The…