Bitcoin Drops Below $64,000 as Analysts Eye $60,000 Support Level

tags,
tags. Proper nouns: "Adam Livingston", "Bluntz", "Ali Martinez", "Elliott Wave", "MVRV pricing bands" - keep as is. "Bitcoin" is proper noun but often kept. "ETFs" can be kept or translated as "ETF" (same in Indonesian). "spot Bitcoin ETFs" -> "ETF Bitcoin spot". "on-chain analysts" -> "analis on-chain". "dollar-cost-averaging" -> "dollar-cost averaging" (or "rata-rata biaya dolar" but better keep English term). "MVRV pricing bands" - keep. "liquidity" -> "likuiditas". "stop" -> "stop loss" maybe. "bounce" -> "pantulan". "support" -> "dukungan" or "support"? In crypto context, often "level support". "resistance" but not here. "floor" -> "dasar". "breakdown" -> "penembusan" or "keruntuhan". "sweep liquidity" -> "menyapu likuiditas". "cascade of stops" -> "kaskade stop loss". "retest" -> "menguji ulang". "net outflows" -> "arus keluar bersih". "net inflow" -> "arus masuk bersih". "selling pressure" -> "tekanan jual". "daily close" -> "penutupan harian". Let's translate paragraph by paragraph. Original first paragraph: "
Bitcoin slid more than 5% over the past 24 hours, changing hands around $63,600 after falling from $71,000 this week. The decline accelerated as a 13-day streak of net outflows from spot Bitcoin ETFs and a wave of coins moving to exchanges piled on selling pressure. Several on-chain analysts now point to the $60,000 area — roughly the 4-year moving average — as a potential bottom, though some warn of a further drop to $58,000 or lower.
" Translation: "
Bitcoin turun lebih dari 5% dalam 24 jam terakhir, diperdagangkan di sekitar $63.600 setelah turun dari $71.000 minggu ini. Penurunan semakin cepat karena rekor 13 hari arus keluar bersih dari ETF Bitcoin spot dan gelombang koin yang berpindah ke bursa menambah tekanan jual. Beberapa analis on-chain kini menunjuk area $60.000 — kira-kira rata-rata pergerakan 4 tahun — sebagai potensi dasar, meskipun beberapa memperingatkan penurunan lebih lanjut ke $58.000 atau lebih rendah.
" Note: "changing hands" -> "diperdagangkan" (traded). "piled on" -> "menambah". "streak" -> "rekor" (record) or "rangkaian"? "rekor 13 hari" is fine. "coins" -> "koin". "exchanges" -> "bursa" (or "exchange" often kept as "exchange" in Indonesian). Use "bursa" for clarity. "bottom" -> "dasar" (floor). "though" -> "meskipun". Second paragraph: "

4-Year Moving Average as Floor

Adam Livingston highlights that Bitcoin is trading just 22.75% above its 4-year moving average of $60,000, a deviation that historically occurred on only 18.5% of valid trading days. In his analysis, buying BTC at that percentile relative to the 4-year MA turned a $10,000 lump sum into roughly $56,600 over a given window, compared with $40,200 from a daily dollar-cost-averaging strategy over the same period. Livingston views the $60,000 level as a historically strong support zone dating back to February of this year.

" Translate: "

Rata-Rata Pergerakan 4 Tahun sebagai Dasar

Adam Livingston menyoroti bahwa Bitcoin diperdagangkan hanya 22,75% di atas rata-rata pergerakan 4 tahunnya sebesar $60.000, sebuah deviasi yang secara historis hanya terjadi pada 18,5% hari perdagangan yang valid. Dalam analisisnya, membeli BTC pada persentil tersebut relatif terhadap rata-rata pergerakan 4 tahun mengubah investasi sekaligus sebesar $10.000 menjadi sekitar $56.600 dalam jangka waktu tertentu, dibandingkan dengan $40.200 dari strategi dollar-cost averaging harian selama periode yang sama. Livingston memandang level $60.000 sebagai zona support yang kuat secara historis sejak Februari tahun ini.

" Note: "lump sum" -> "investasi sekaligus". "given window" -> "jangka waktu tertentu". "dating back to" -> "sejak". "support zone" -> "zona support" (common in Indonesian crypto). "valid trading days" -> "hari perdagangan yang valid". Third paragraph: "

Analyst Predicts $58,000 Sweep

Crypto analyst Bluntz, known for his Elliott Wave work, expects Bitcoin to break below $60,000 and sweep liquidity around $58,000 based on daily close data. The move would retest the February 2026 low of $60,000 and likely trigger a cascade of stops before any meaningful bounce. Bluntz’s outlook echoes a broader bearish sentiment tied to the breakdown below $72,000 earlier this month.

" Note: "February 2026 low" - check original: "February 2026 low of $60,000". Wait, original says "February 2026 low" but current context is 2025? Actually article likely from 2025? But keep as is. Translate: "

Analis Memprediksi Penyapuan $58.000

Analis kripto Bluntz, yang dikenal dengan karyanya tentang Elliott Wave, memperkirakan Bitcoin akan menembus di bawah $60.000 dan menyapu likuiditas di sekitar $58.000 berdasarkan data penutupan harian. Pergerakan tersebut akan menguji ulang posisi terendah Februari 2026 sebesar $60.000 dan kemungkinan memicu kaskade stop loss sebelum adanya pantulan yang berarti. Pandangan Bluntz menggema sentimen bearish yang lebih luas terkait dengan penembusan di bawah $72.000 awal bulan ini.

" Note: "sweep liquidity" -> "menyapu likuiditas". "cascade of stops" -> "kaskade stop loss". "bearish sentiment" -> "sentimen bearish" (common). "breakdown" -> "penembusan" (breakdown as breaking down). "echoes" -> "menggema". Fourth paragraph: "

On-Chain Signals Point to Selling Pressure

Ali Martinez reports that 54,000 BTC have been moved to exchanges over the past week, adding to short-term selling pressure and driving price deeper into the lower $60,000s. He notes that the breakdown below $72,000 left Bitcoin in a vulnerable position, with the next major support sitting between $54,000 and $50,000 according to MVRV pricing bands. That zone hasn't been tested since early 2025 and marks a significant gap in current price structure.