Bitcoin has recently broken below its previous yearly and multi-month lows near $67,000, trading at levels not seen since prior cycle drawdowns. Price action saw a sharp plunge to around $60,000 before a partial rebound toward the mid-$60,000s, reflecting heightened volatility and weakening demand in crypto spot markets. Since peaking above $120,000 in late 2025, BTC has retraced significantly, with roughly half the market’s total valuation erased in the latest downturn.
The break below $67,000, a key technical support area, signals a shift in structure from sideways to bearish, as buyers fail to defend earlier lows and sellers dominate short-term order flow. Spot charts show BTC testing support around $60,000, which historically represents a psychological and technical zone of interest. Momentum indicators have turned negative, and increased liquidation activity has compounded selling pressure.
The $60,000 zone now acts as critical immediate support; a sustained break below this level could invite further downside toward deeper technical support bands (e.g., $55,000–$58,000). If buyers step in here, short covering and technical relief could stabilize prices and set up a base for recovery. However, failure to hold this region increases the probability of a protracted correction phase.#WhaleDeRiskETH $BTC
