**[Analyst: The likelihood of Bitcoin retesting $60,000 is increasing]** BlockBeats News, February 12, according to Cointelegraph, Bitcoin fell to $65,800 on Wednesday, once again dropping below the key intraday trendline. This has sparked concerns in the market that last week's dip to $60,000 may not have been the final bottom. Analysts suggest that due to the widening liquidity gap in the $66,000–$60,000 range, the likelihood of Bitcoin retesting the annual low of $59,800 is increasing. After being repeatedly rejected near the $70,000–$72,000 resistance zone, Bitcoin has formed a series of lower highs. The Relative Strength Index (RSI) is trending toward the oversold region, and the price is trading below key moving averages. The liquidation heatmap shows a lack of liquidity in the $60,500 range, indicating that downside risks remain. As the overall market structure begins to weaken, if Bitcoin fails to quickly recover above $68,000, the downside risk will increase, and the price may further retreat to the support level near $65,000. Currently, traders expect Bitcoin to remain within the broad range of $60,000 to $72,000. Similarly, market analyst EliZ pointed out that Bitcoin is consolidating within a descending channel near $66,500. If it breaks below this level, the price could test the support zone at $63,400–$64,600, increasing the likelihood of revisiting $60,000.