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Bitcoin trades near $60,000, down 52% from peak, with uncertain outlook between a bottom or further drop to $55,000.

Market News
29 Jun 2026
Crypto news
View Source
Neutral
Bitcoin trades near $60,000, down 52% from peak, with uncertain outlook between a bottom or further drop to $55,000.

Bitcoin is trading around $60,000 as of June 2026, down about 52% from its all-time high near $126,000 reached late last year. The market is divided on whether this level marks a bottom supported by extreme fear, oversold momentum, and strong institutional demand, or if further declines to $55,000 or lower are likely due to broken technicals and a late-cycle correction phase. Key levels to watch are support at $58,100 and resistance at the 50-month moving average near $65,600, which will help determine the next trend. Analysts' year-end price forecasts vary widely from the low $40,000s to over $180,000, reflecting deep uncertainty about Bitcoin's near-term path.

More News (BTC)

Bitcoin may drop to $10,000 amid stock market ties and rising bond yields, says strategist.

Bitcoin may drop to $10,000 amid stock market ties and rising bond yields, says strategist.

Commodity strategist Mike McGlone predicts Bitcoin could fall to $10,000 due to its strong correlation with US equities and vulnerability to stock market downturns. He argues Bitcoin has failed to show resilience and is influenced by broader financia...

Market News
Bearish
4 hours ago
Bitcoin stalls near $81,500 as short-term bears and long-term bulls battle for control.

Bitcoin stalls near $81,500 as short-term bears and long-term bulls battle for control.

Bitcoin's price hovered around $81,500 on October 17, 2026, caught in a technical standoff between short-term bearish signals and longer-term bullish trends. Support is strong near $81,000, while resistance lies around $82,500 to $83,000, with a key ...

Technical Signals
Neutral
4 hours ago
Bitway (BTW) jumps 37.11%, leading top crypto gainers amid mixed market moves

Bitway (BTW) jumps 37.11%, leading top crypto gainers amid mixed market moves

Bitway (BTW) surged 37.11% to $2.64, topping gains among the 90 largest cryptocurrencies by market cap on October 17. While Bitway led the rally, 63 of the top 90 assets declined, showing mixed market sentiment. Other notable movers included Pump.fun...

Market News
Neutral
5 hours ago
Older Bitcoin holders cut exchange transfers while whales move $307M, hinting at mixed supply and potential $80K support test.

Older Bitcoin holders cut exchange transfers while whales move $307M, hinting at mixed supply and potential $80K support test.

Bitcoin holders who bought six to twelve months ago have sharply reduced their transfers to exchanges, dropping from 40.4% in June to 4.4% in October, suggesting less immediate selling pressure from this group. Meanwhile, two large whale transactions...

Market News
Neutral
7 hours ago
Bitcoin leads crypto searches with $1.64T market cap despite slight price drop

Bitcoin leads crypto searches with $1.64T market cap despite slight price drop

Bitcoin remains the most searched cryptocurrency as of Oct. 17, holding a $1.64 trillion market capitalization despite a 0.54% price decline to $81,432. Other top searched tokens like Injective, Derive, and Quant also saw price drops ranging from 2% ...

Market News
Bearish
8 hours ago
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