Bitcoin is currently trading around $66,400, roughly 48% below its all-time high of $126,080 set in October 2025. A technical analysis marks a key price level, around $60,000, as the line in the sand for the ongoing correction. The analyst Leshka.eth contends that whether this level holds could shape Bitcoin’s trajectory for the rest of the year.
Bitcoin has been hovering in the low $70,000s in recent sessions, with the past 24 hours characterized by another 3.3% drop. The $60,000 zone has acted as a sturdy floor over the past two months, helping to maintain a higher price band between roughly $63,000 and $76,000. A break below $60,000 would indicate that buyers have lost control of a critical structural level and could open the door to further downside.
The macro trendline across Bitcoin cycles now sits near $40,000, underscoring the risk of a deeper correction if support at $60,000 fails. If $60,000 holds, the cycle survives; a break could push the bottom toward $40,000 and trigger a fresh accumulation phase, according to Leshka.eth. The trendline suggests that a sustained move below $60,000 would expose the market to a deeper correction before a new cycle begins.
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