Cryptocurrency market analyst Michaël van de Poppe believes that Bitcoin's price could fall to the $60,000 level after losing a critical support zone between $75,000 and $76,000. The expert noted that Friday corrections often end with a market rebound, but there are currently CME futures gaps above spot prices, specifically above $79,000. This is reported by Cointelegraph.com as stated.
This forecast comes amid macroeconomic uncertainty surrounding the potential Fed chair appointment of Kevin Warsh and his interest rate policy. The Bitcoin bear market has already extended into its seventh month. According to Polymarket data, there is a 51% probability of Bitcoin falling to $55,000 and a 31% chance of dropping to $45,000 in 2026.
Nevertheless, on-chain data suggests a low probability of Bitcoin falling below $60,000, as 71% of the circulating supply is held by long-term investors. Analyst Matthew Hyland noted that after the $60,000 low in February, Bitcoin showed growth for 90 days, which historically signals the start of a bull market.
According to TradingView, Bitcoin is currently trading below its 365-day and 200-day exponential moving averages (EMA). If the asset fails to hold critical support levels, the market could enter another period of consolidation for several months.
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