Bitcoin is currently valued at around $66,400, which is nearly 48% lower than its peak price of $126,080 reached in October 2025. Experts are now watching closely to see if this marks the end of the recent price decline.
A crypto analyst nicknamed Leshka.eth believes Bitcoin is nearing a critical price point of $60,000. Whether Bitcoin can stay above this level will likely decide if the current market trend continues or if prices will fall dramatically. This could set the direction for Bitcoin’s price for the remainder of the year.
$60,000 As The Important Line Of Defense
Crypto analyst Leshka.eth believes the $60,000 price point is now crucial for Bitcoin. He sees it as the last hurdle preventing a significant price drop, meaning whether Bitcoin falls further depends on if it can stay above this level.
Bitcoin has been hovering around $70,000 lately, but it fell another 3.3% in the last 24 hours. While it’s still above $60,000, the gap is shrinking, and investors are starting to pay closer attention to the possibility of further price drops.
The analyst’s chart of weekly price patterns shows that past instances of similar drops have often resulted in significant price declines. However, unlike previous cycles, Bitcoin has so far held above the $60,000 level; the price dip in early February stabilized around $63,000.
The $60,000 price point is especially important because it’s acted as a strong support level for the past two months, helping to keep prices within a range of $63,000 to $76,000. If the price falls below $60,000, it would suggest that buyers are losing control of a key level that has been supporting Bitcoin’s price throughout this period.
The Macro Trendline In Every Bitcoin Cycle
Looking at Bitcoin’s price history over several years reveals a clearer pattern. By connecting the lowest points of each major price drop on a weekly chart – from 2018 and extending to a forecast for 2028 – we can see a long-term trend emerge.
Bitcoin experienced a peak and subsequent drop in late 2018, eventually finding support at a key trendline in 2020. It then spent a considerable amount of time building a base before rallying to a new high in 2021. This pattern repeated during the 2022 downturn: after falling from its peak, Bitcoin bounced back to the same trendline in 2023, stabilized, and began a new upward trend that ultimately led to a price of $126,080 in October 2025.
The price is currently hovering around $40,000. One analyst, Leshka.eth, believes that if the price stays above $60,000, the current market cycle will continue. However, if it falls below $60,000, the price could drop to $40,000, after which a new period of price increases might begin, according to a post on X.
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2026-03-29 04:01