Analysts Warn Bitcoin Could Return To 60000 Dollars

Bitcoin plunges back into a zone of high uncertainty. After several weeks of tension, the break of a major technical support sharply revives the specter of a return to $60,000. Spot Bitcoin ETFs declining, tech markets weakened, persistent geopolitical tensions… several signals now fuel fears of a deeper correction. As investors start to revise their expectations, the crypto market enters a decisive phase where every technical level could become a true test of confidence.

Bitcoin Loses a Key Support and Revives the $60,000 Scenario

The crypto market has shifted into a new zone of uncertainty after the break of the $75,000 to $76,000 support on Bitcoin. For Michaël van de Poppe, this technical break marks a clear turning point in the current dynamic.

The analyst estimates that BTC has lost a major support zone and could now test the levels seen at the February low.

Several factors now fuel market fears :

• A break of the $75,000–76,000 support ;
• The return of the $60,000 Bitcoin scenario ;
• 51% probability of a drop to $55,000 according to Polymarket ;
• 31% probability of a pullback to $45,000 ;
• Persistent outflows from US spot Bitcoin ETFs ;
• The return of strong selling pressure on crypto markets.

This sentiment deterioration pushes several analysts to watch the $60,000 to $65,000 zone, considered a former long-term accumulation level likely to attract new buyers if the correction continues.

A Weaker Macroeconomic Context Worries Investors

Beyond the charts, the current market situation fits into a tense macroeconomic environment. Tech assets are weakened by a slowdown in risk appetite, while geopolitical tensions feed strong volatility in financial markets. This growing correlation between Bitcoin and US tech stocks worries several observers, who fear a new phase of institutional investor disengagement.

Some analysts also recall that previous Bitcoin bear cycles have often led to much longer recovery periods after major corrections. The Ecoinometrics firm even estimates that “each additional 10% drop historically extends recovery time by about 80 days”. This reading fuels fears of a market slower to rebound than during previous bull cycles. Other projections even mention a risk of prolonged stagnation if the $60,000 threshold were to break for good.

The battle around $60,000 could now become one of the decisive moments of this cycle. For some investors, this zone still represents a historical support capable of relaunching buyer interest. For others, a clear break would open the way to a much deeper correction across the crypto market. After several months dominated by optimism, Bitcoin moves again in a climate where every technical support becomes a major psychological test.