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Analysts forecast a Bitcoin crash to the $60K level, revisiting 2026 low

CoinTelegraph·May 23Read the full story →

Hex37's read

  • Bitcoin is currently trading at $75,800.
  • The price has dropped 40% from its October 2025 peak of $126,000.
  • Analysts predict a potential further decline to the $60,000 level.

What it means for traders

  • Increased downside risk suggests caution; consider hedging long positions or setting tight stop-losses.
  • A break below current support levels could trigger further technical selling toward the $60k psychological floor.

Affected markets

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