{"id":59516,"date":"2026-05-25T04:14:12","date_gmt":"2026-05-25T04:14:12","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=59516"},"modified":"2026-05-25T04:14:13","modified_gmt":"2026-05-25T04:14:13","slug":"bitcoin-crash-to-the-60k-level-is-possible","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=59516","title":{"rendered":"Bitcoin crash to the $60K level is possible?"},"content":{"rendered":"

The price of Bitcoin is about $75,800 at the time of publication, a nearly 40% decrease from the all-time high of about $126,000 reached in October 2025.<\/p>\n

The price of Bitcoin may be headed to the $60,000 level after breaking past a \u201ccrucial\u201d support zone between $75,000 and $76,000, according to crypto market analyst Micha\u00ebl van de Poppe.<\/p>\n

Bitcoin fell below the support zone on Friday, van de Poppe said, adding that market corrections occurring on Fridays \u201cflip back bullish quite often.\u201d<\/p>\n

There are also \u201cmultiple\u201d Chicago Mercantile Exchange (CME) Bitcoin futures gaps above the spot market price, the highest of which is over $79,000, he added. He continued:<\/p>\n

\u201cThat said, if Bitcoin doesn’t grind back upwards to $76,600 [or more], then there’s clearly no argument to assume that we are going to get into new highs and just remain within this range.\u201d<\/p><\/blockquote>\n

\"\"<\/figure>\n

Bitcoin breaks below the critical support zone around $75,000. Source: <\/em>Micha\u00ebl van de Poppe<\/em><\/p>\n

The forecast comes amid macroeconomic uncertainty over newly appointed Federal Reserve Chairman Kevin Warsh and his interest rate policies, while the Bitcoin bear market drags on for the seventh month.<\/p>\n

Related: <\/strong><\/em>Bitcoin longs soar despite weak US macroeconomic data: Is $82K BTC next?<\/strong><\/em><\/p>\n

Bullish or bearish? Analysts weigh in on where BTC is headed next<\/h2>\n

The Polymarket odds of Bitcoin hitting $55,000 in 2026 are 51% at the time of publication, while the odds of it falling to $45,000 are at 31%.<\/p>\n

However, 71% of the circulating supply is held by long-term holders, making a break below $60,000 unlikely, according to onchain data.\u00a0<\/p>\n

Bitcoin has rallied for about 90 days following the $60,000 low reached in February, signaling a bull market rally, according to trader and crypto market analyst Matthew Hyland.<\/p>\n

\u201cThere has never been a rally that trended upward for 89 days ever in a bear market in BTC history,\u201d Hyland said, adding, \u201cThe break of high time frame resistance has also marked the start of a bull market rally the prior three times.\u201d\u00a0<\/p>\n

\"\"<\/figure>\n

Source: <\/em>Matthew Hyland<\/em><\/p>\n

Despite the rally over the last several months, Bitcoin\u2019s inability to hold critical price support levels could signal months of consolidation, according to other analysts.<\/p>\n

Bitcoin continues to trade well below its 365-day and 200-day exponential moving averages (EMA), two dynamic support levels, and closed below the 50-day EMA on Friday, TradingView data shows.\u00a0<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin is about $75,800 at the time of publication, a nearly 40% decrease from the all-time high of about $126,000 reached in October 2025. 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