Financial Experts Predict Bitcoin May Plunge Back to $60K Territory From 2026 Depths
Several market experts warn that Bitcoin may plummet to the $60,000 threshold or lower as the cryptocurrency struggles to maintain key support zones during the current bearish trend.
Following a breach of what crypto market analyst Michaël van de Poppe describes as a "crucial" support range situated between $75,000 and $76,000, Bitcoin's value may now be on course toward the $60,000 price point.
According to van de Poppe, Bitcoin dropped beneath this support range on Friday, though he noted that market pullbacks happening on Fridays have a tendency to "flip back bullish quite often."
Van de Poppe also pointed out that there are "multiple" Chicago Mercantile Exchange (CME) Bitcoin futures gaps positioned above the current spot market valuation, with the uppermost gap located above $79,000. He continued:
"That said, if Bitcoin doesn't grind back upwards to $76,600 [or more], then there's clearly no argument to assume that we are going to get into new highs and just remain within this range."
This prediction emerges during a period of macroeconomic ambiguity surrounding the recently appointed Federal Reserve Chairman Kevin Warsh alongside his monetary policy approach regarding interest rates, as the Bitcoin bear market continues into its seventh consecutive month.
Bullish or bearish? Analysts weigh in on where BTC is headed next
At the time of publication, Polymarket indicates that the probability of Bitcoin reaching $55,000 in 2026 stands at 51%, whereas the likelihood of it dropping to $45,000 sits at 31%.
That said, onchain data reveals that 71% of the circulating supply remains in the hands of long-term holders, which makes a breakdown below $60,000 improbable, according to onchain data.
Trader and crypto market analyst Matthew Hyland points out that Bitcoin has experienced an upward rally lasting approximately 90 days since touching the $60,000 low point in February, indicating the emergence of a bull market rally.
Hyland stated, "There has never been a rally that trended upward for 89 days ever in a bear market in BTC history," further noting, "The break of high time frame resistance has also marked the start of a bull market rally the prior three times."
Even with the upward movement witnessed throughout recent months, other analysts suggest that Bitcoin's failure to maintain critical price support zones may indicate several months of consolidation ahead.
Data from TradingView demonstrates that Bitcoin continues trading significantly beneath its 365-day and 200-day exponential moving averages (EMA), which represent two dynamic support levels, while also closing below the 50-day EMA on Friday.