🚨 Bitcoin (BTC) breaks the $70,000 level again — Analysts see $60,000 as the next station
Analysts have become more cautious after Bitcoin dropped again below the $70,000 level, marking the second break of this level in just 24 hours. From a market structure perspective, the repeated failure to maintain a key support level usually indicates weakness in demand, not just a temporary drop, which is why this movement is garnering increased attention.
Bitcoin has decreased by about 2.1%, while Ethereum has retreated by about 2% to 2.4%, indicating selling pressure on major currencies. Some altcoins are still showing slight gains, but analysts believe that this does not change the overall market picture. Trading volumes are declining, and when the price moves in a low liquidity and high volatility environment, the drop can accelerate more quickly as selling increases.
Analysts speaking to Barron's noted that losing the $70,000 level again puts Bitcoin in a sensitive position. Their viewpoint is clear: if buyers were strong, this level would not have been broken multiple times. Without a swift return above $70,000, the market may begin to adjust to lower prices instead of waiting for a rapid rebound.
If this scenario continues, analysts see the $60,000 area as the next key level to watch, with the $55,000 range also being monitored if selling pressure persists. This is not a long-term prediction, but a warning of short-term risks, as the upcoming sessions will be critical: either Bitcoin will reclaim the $70,000 level and stabilize above it, or the decline will extend faster than many expect.