---
title: "Bitcoin price may drop to $58K if $61,980 resistance is breached due to bearish sentiment and weakening MACD signals."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292030821.md"
description: "The current price of Bitcoin is $62,615 and it is struggling to break through its pivot point and key moving averages. The MACD momentum indicator is approaching zero, indicating a critical point on the chart. This situation is considered highly risky for investors as it could signify a potential downturn in the market unless bullish momentum picks up."
datetime: "2026-07-08T07:34:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292030821.md)
  - [en](https://longbridge.com/en/news/292030821.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292030821.md)
---

# Bitcoin price may drop to $58K if $61,980 resistance is breached due to bearish sentiment and weakening MACD signals.

The current price of Bitcoin is $62,615 and it is struggling to break through its pivot point and key moving averages. The MACD momentum indicator is approaching zero, indicating a critical point on the chart. This situation is considered highly risky for investors as it could signify a potential downturn in the market unless bullish momentum picks up.

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