Bitcoin is hanging by a thread below $70,000 — and the only thing stopping a bigger collapse might be buyers from early 2024.
A massive group of investors loaded up between $60,000 and $69,000, and right now they’re acting as Bitcoin’s last line of defense.
But here’s the problem…
If that zone breaks, things could get ugly fast.
⚔️ The $60K Battlefield
This price range is packed with buyers who’ve been holding for over a year. They’re barely at breakeven now.
So far, they haven’t panicked.
No mass selling.
No full-blown capitulation.
But if Bitcoin drops much further? That confidence could crack.
📉 Traders Warning: $52K Next?
Some traders aren’t buying this “sideways calm.”
One forecast says Bitcoin could drop to $52,000–$53,000 within the next week or so.
Technical indicators like RSI and MACD need a reset. And that reset could mean one more sharp leg down.
Early 2024 buyers are holding the line.
$60K–$69K is critical support.
A break below that could trigger heavy selling.
$50K is now a serious short-term target.
Bitcoin isn’t crashing yet.
But it’s definitely under pressure.