Analysts warn of a possible return of Bitcoin to $60,000

Bitcoin is plunging back into a zone of great uncertainty. After several weeks of tension, the break of major technical support suddenly revives the specter of a return to $60,000. Bitcoin spot ETF falling, weakened technology markets, persistent geopolitical tensions… several signals are now fueling fear of a deeper correction. As investors begin to revise their expectations, the crypto market is entering a decisive phase where each technical level could become a true test of confidence.

Bitcoin loses key support and revives the $60,000 scenario

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

The analyst estimated that BTC lost a major support zone and could now return to test the levels seen during the February low.

Several elements are now fueling market fears:

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

This deterioration in sentiment is pushing several analysts to monitor the $60,000 to $65,000 zone, considered an old long-term accumulation level likely to attract new buyers if the correction continues.

A more fragile macroeconomic context worries investors

Beyond the charts, the current market situation is part of a tense macroeconomic environment. Technology assets are weakened by slowing risk appetite, while geopolitical tensions are fueling high volatility in financial markets. This growing correlation between bitcoin and American technology stocks concerns several observers, who fear a new phase of disengagement by institutional investors.

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

The battle around $60,000 could now become one of the defining moments of this cycle. For some investors, this zone still represents a historic support capable of reviving buyer interest. For others, a clean break would pave the way for a much deeper correction across the entire crypto market. After several months dominated by optimism, bitcoin is once again evolving in a climate where each technical support becomes a major psychological test.