As of this Friday, June 5, 2026 morning, the price of Bitcoin (BTC) is close to $60,500. The digital currency is therefore, at least so far, moving closer to this year’s lowest level of $60,000 reached on February 6th.
The following graph shows that Bitcoin price movements this year:
Since it has functioned as With past support, $60,000 is very likely to play this role for Bitcoin againacts as a “brake” on prices, stopping them from falling, even if only temporarily.
But what if Bitcoin can break through this support downwards? So, according to the same theory of support and resistance (explained in detail in Criptopedia, the educational section of CriptoNoticias), Bitcoin will likely head towards other areas that have also acted as support and resistance in the past.
Let’s do it zoom out Visit our Bitcoin price chart to see what these major price levels are.
In the graph above, 3 main price ranges. Please note that the term “zone” refers to a relatively large area and is not an exact price. This is because support and resistance do not repeat with millimeter precision, but rather the price at which an asset tends to stop falling, repeating historical patterns.
You’ll probably find the first of these areas nearby. $56,000 (yellow horizontal line). The graph shows that Bitcoin price bounced around its price quite a bit during the 2021 bull cycle and leveled out. This also acted as support for the leveling that Bitcoin showed at the beginning of 2024.
And if digital currencies continue to fall, new brakes will likely be applied soon. $50,000 or $51,000 (green horizontal line). This price acted as resistance in September and December 2021. This price was also Bitcoin’s support zone in August 2024, just before the start of a major bull market that saw Bitcoin cross $100,000 for the first time.
However, if that is not enough of a drop, Bitcoin will find support again. $45,000 (red horizontal line). As seen in the chart above, this is the price area that Bitcoin lateralized into in early 2022 and early 2024.
Additionally, CriptoNoticias reports: Several analysts and traders, including Willy Wu, for example, believe that Bitcoin is likely to reach $45,000. As the low point of this bear market. These are based on historical analysis and percentage comparisons of how much digital currency prices have fallen each crypto winter.
Of course, it is worth clarifying that the price of Bitcoin does not only depend on technical analysis and the lines drawn on the price graph.
The price of the currency created by Satoshi Nakamoto is greatly influenced by the global macroeconomic situation. If there was good news As part of the Middle East peace agreement to open the Strait of Hormuz, Bullish sentiment most likely to return to market And perhaps Bitcoin is not going to look for the bearish levels mentioned here.
However, the reality is that this good news is not present for now, and the sentiment is mainly negative and extreme fear (as per CoinMarketCap’s Fear and Greed Index), which is causing investors to pull their funds out of Bitcoin and cryptocurrencies, causing further declines.
This text is for informational purposes only. It does not constitute an investment recommendation or financial advice. Each investor is responsible for conducting its own research.
(Tag translation) Analysis and research
