On June 24, Bitcoin broke below the $60,000 level, hitting a low of $59,023 — its lowest since October 2024. The selloff is driven by multiple headwinds: hawkish Fed signals strengthening rate hike expectations, rising Treasury yields pressuring risk assets, seven consecutive weeks of ETF outflows, and Strategy's ~$13.9 billion paper loss on its BTC holdings fueling market fear. The $60,000 level is a critical near-term support — a breakdown could open the door to $55,000. Over $650 million in long positions were liquidated, with the bearish trend firmly in place. Caution is advised for counter-trend buying attempts.

Crypto_Buzz_with_Alex

20m ago

#BTCProbes60KKeySupportLevel
Bitcoin Just Tagged $59,023 — Lowest Since October 2024 — and Every Signal Is Telling the Same Bearish Story Right Now
Let me give this community the honest unfiltered breakdown because the setup here is serious and deserves straight talk not hopium.
Bitcoin broke below $60,000 yesterday hitting a low of $59,023. That's the lowest price we've seen since October 2024 — erasing eight months of price progress in a matter of weeks. Over $650 million in long positions got liquidated in the process. The people who were buying every dip on the way down paid a significan

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HighAmbition:

Buy To Earn 💰️

User_any

4h ago

#BTCProbes60KKeySupportLevel
Bitcoin is testing the one level the entire market is watching — and right now, it is holding by a thread.
🔹 The price action, right now
BTC fluctuated between $59,108 and $63,221 over the past 24 hours. Currently pressing the lower bound of that range near $60,973. Down 4.47% over the past seven days. Down $13,961 from the May 25 peak of $77,623. The structure is clearly under distribution pressure.
🔹 The technical picture across all timeframes
Bearish alignment is confirmed across the 15-minute, 4-hour, and daily charts simultaneously. MA7 sits below MA30, whi

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Vortex_King:

2026 GOGOGO 👊

DragonFlyOfficial

4h ago

#BTCProbes60KKeySupportLevel
The $60K Breach: When Psychology Meets Liquidation
Bitcoin just did what every chartist feared but few truly believed would happen this quickly. The $60,000 level—a fortress that held through multiple assaults since late 2024—finally cracked. At $59,023, BTC hit its lowest point since October 2024, and the market is now asking the uncomfortable question: was this a healthy correction or the start of something uglier?
The Anatomy of a Breakdown
This isn't just about price. It's about structure. The $60K level represented more than a round number; it was the psychol

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Vortex_King:

2026 GOGOGO 👊

Pheonixprincess

2h ago

#BTCProbes60KKeySupportLevel
BTC Tests Key $60K Support
Bitcoin is trading around $60.7K–$61.5K, down roughly 2% in the last 24 hours as it continues testing the crucial $60,000 support zone.
Key Levels
Support:
• $60,000
• $59,000–$57,500
• $55,000–$52,000
Resistance:
• $62,000–$63,000
• $65,000
• $66,500–$67,000
• $70,000+
Trading Setup
Long Entry:
Consider entries around $60K–$61K if BTC shows a strong bounce with increasing volume.
Take Profit Targets:
• TP1: $65K
• TP2: $70K–$75K
Stop Loss:
• Below $59K for short-term trades
• Below $57K for swing positions
Bullish Scenario
If BTC holds

BTC-1.25%

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HighAmbition:

To The Moon 🌕

BeautifulDay

1h ago

#BTCProbes60KKeySupportLevel
Bitcoin's break below the $60,000 level has become one of the most closely watched developments in the crypto market. For months, this area acted as a major psychological and technical support zone, providing confidence to both retail and institutional participants. The recent decline below this level has triggered a wave of uncertainty, forcing traders to reassess market conditions and risk exposure.
What makes this move particularly important is the scale of liquidations that followed. Hundreds of millions of dollars in leveraged positions were wiped out in a sh

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discovery:

To The Moon 🌕

discovery

28m ago

#BTCProbes60KKeySupportLevel
BTC probes the $60K line and buyers step in
Bitcoin just tested the level everyone was watching. On Gate the BTC/USDT spot print hit $59,108.6 in the last 24h, then bounced hard to $61,806.3, down 1.46% on the day. Perp trades at $61,767.5, down 1.48%. Turnover hit 1.33B USDT on 21.79K BTC volume, a clear liquidation flush.
The 4h chart tells the story. BTC rejected from $67,297.6 last week, rolled under all short term moving averages, MA5 at $60,798.5, MA10 at $61,741.9, MA30 at $63,204.0, then wicked into the $59K support zone. The snap back reclaimed the MA5, a

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ThisIsTranslateContent::

Just go for it 👊

MindFlare

2h ago

Deutsche Bank explains Bitcoin weakness
📌 What happened?
Deutsche Bank believes Bitcoin’s move below $60,000 was caused by three factors: a hawkish Federal Reserve, ETF outflows, and capital moving toward AI-related investments.
📌 What does it mean?
The bank is arguing that Bitcoin’s weakness is not coming from one source. Multiple macro and market forces are hitting demand simultaneously.
📌 My opinion
I think the AI rotation point is particularly interesting. Markets often chase the strongest narrative. When capital sees better opportunities elsewhere, even strong assets can struggle despi

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TheBuzzingBee

14m ago

🚀 What If Trump Is Right?
JUST IN: 🇺🇸 President Trump says the United States will experience an "economic boom" unlike anything any nation has ever seen."
Big statement.
But what's interesting isn't the headline—it's what such a boom would actually mean for markets.
A true economic boom isn't just about higher GDP.
It's about businesses expanding, consumers spending, companies hiring, and capital flowing into innovation at a scale that changes the trajectory of an economy.
The market is already trying to price that possibility.
📈 Stocks are near record highs.
🤖 AI investment is exploding.

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Edelweiss

4h ago

Historical Five Hundred Day Rule Points to New Bitcoin Accumulation Window Opening Late November
The cyclical framework regulating the premier digital currency is garnering intense interest across global trading desks after recent analytical data mapped out the next strategic buying opportunity. According to a market report published by BeInCrypto referencing a trading model shared by analyst Crypto Rover, the four-year $BTC cycle displays a highly accurate blueprint known as the 500-day rule. This specific mathematical model dictates that investors optimize their portfolio returns by systema

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GateUser-0ab838cd:

cool

GateUser-83e9cba0

10h ago

"Bitcoin falls back under hitting its lowest level since October 2024"
Bitcoin dips below , marking its lowest point since October 2024 amid ongoing market challenges.
Investors remain cautious as volatility decreases. - per CNBC
#WorldCup🏴󠁧󠁢󠁳󠁣󠁴󠁿vs🇧🇷 #$BTC

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