Bitcoin is currently testing a critical support zone at $60,000. On June 24, BTC broke below this level, hitting a low of $59,023 — its lowest point since October 2024.

The selloff is being driven by several bearish factors:
-Hawkish signals from the Fed raising rate hike expectations
-Rising Treasury yields pressuring risk assets
-Seven consecutive weeks of Bitcoin ETF outflows
-Strategy’s ~$13.9 billion paper loss on BTC holdings adding to market fear

The $60K level is a major near-term support. A decisive breakdown could open the door toward $55,000. Over $650 million in long positions have already been liquidated, and the bearish trend remains dominant.

⚠️ Caution is advised for anyone attempting counter-trend buys at this stage.

What do you think will $60K hold, or are we heading lower?

#BTCProbes60KKeySupportLevel