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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)

Ethereum price tops $2,700 as whales invest $106M, signaling strong medium-term confidence.

Ethereum price tops $2,700 as whales invest $106M, signaling strong medium-term confidence.

Ethereum's price surged above $2,700 for the first time since January 31, driven by two major investors who collectively poured $106.4 million into ETH over five days. One whale swapped 1,107 BTC for 34,422 ETH and staked all coins, indicating a medi...

Market News
Bullish
4 hours ago
Bitcoin stalls near $80,400 after failing to break $82,000 resistance, with mixed institutional signals.

Bitcoin stalls near $80,400 after failing to break $82,000 resistance, with mixed institutional signals.

Bitcoin's price hovered around $80,443 after failing to surpass the $81,900-$82,300 resistance zone, following a sharp rebound from a September 16 low of $74,913. Despite 13 of 15 moving averages remaining positive, indicating an intact broader uptre...

Market News
Neutral
4 hours ago
Ethereum price rebounds near $2,600 amid reduced supply and rising staking, with forecasts up to $10,000.

Ethereum price rebounds near $2,600 amid reduced supply and rising staking, with forecasts up to $10,000.

Ethereum's price bounced back from $2,360 to around $2,600, though it remains 47% below its October 2025 peak. The supply of ETH on exchanges has dropped 28% since May 2025, reducing coins available for quick sale, while staked ETH increased from 29....

Market News
Bullish
4 hours ago
Bitcoin surges 4% past $84,000 after Fed rate hike and ETF inflows boost demand.

Bitcoin surges 4% past $84,000 after Fed rate hike and ETF inflows boost demand.

Bitcoin's price jumped to $84,374, up about 4% after breaking through a key resistance level that had held since spring. The rally was sparked by the Federal Reserve's less hawkish rate hike and strong inflows into US spot Bitcoin ETFs, signaling rea...

Market News
Bullish
4 hours ago
Jim Cramer's 2025 'buy crypto' call led to losses amid Bitcoin and Ethereum price drops in 2026.

Jim Cramer's 2025 'buy crypto' call led to losses amid Bitcoin and Ethereum price drops in 2026.

In September 2025, Jim Cramer recommended buying cryptocurrencies, linking the advice to the rising U.S. national debt. However, by September 2026, Bitcoin, Ethereum, and XRP prices had fallen significantly, resulting in losses for investors who foll...

Market News
Bearish
5 hours ago
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