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Bitcoin risks dropping to $55K if $60K support breaks, but $100K year-end target remains.

Analyst Insights
06 Jun 2026
Bitcoin
View Source
Neutral
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Bitcoin is testing a crucial support level at $60,000, with a break below potentially pushing the price down to $55,000, a historically significant support aligned with its realized price. Despite recent selling pressure and macroeconomic challenges, including strong U.S. jobs data and concerns over Michael Saylor's Bitcoin sales, a strategist from 21Shares maintains a bullish year-end target of $100,000. The outlook depends on factors like resolution of geopolitical tensions, easing energy prices, and inflation control, which could enable the Federal Reserve to cut rates and support Bitcoin's price recovery.

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