Bitcoin Support Between $58K-$60K Could Stabilize Pullback

Bitcoin has traded in a tight range between $60,000 support and $64,000 resistance over the past week. Short-term buyers have been active on pullbacks, which suggests downside could be limited into Asia trading hours.

Upside momentum is slowing after BTC made an all-time high around $66,900 last month. It appears that buyers were quick to take profits around the price high, especially given short-term overbought signals on the charts.