BTC: Three reasons why $60,000 is the key level right now.

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There's a nice picture forming on the 2hr chart showing 60k to be pivotal for the short term.

• The bearish measured move from H&S top is about $60,000.
  
• 50% retracement from recent low to recent high is about $60,000.
  
• And $60,000 level was previous significant resistance.
  

Remember, technical levels need not be exact. It can be an area or tight range - a bit like when 60000ish saw resistance and that build up in enthusiasm.