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Bitcoin dips after failing to break $66K, with risk of further drop near $60K due to liquidation clusters.

Technical Signals
27 Jul 2026
AMBCrypto
View Source
Neutral
Bitcoin dips after failing to break $66K, with risk of further drop near $60K due to liquidation clusters.

Bitcoin recently dropped 4.8% after failing to surpass the $66,000 resistance level, with significant capital exiting the market. Despite renewed bullish sentiment and a majority of traders holding long positions, liquidation data shows a cluster of buy orders around $60,000 to $61,500 that could pull the price down temporarily. Short liquidations far outpaced longs, indicating heavy pressure on long traders. Additionally, Bitcoin scarcity is increasing as whales accumulate more coins, potentially supporting a future price rebound after any short-term dip.

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