On June 24, Bitcoin broke below the $60,000 level, hitting a low of $59,023 — its lowest since October 2024. The selloff is driven by multiple headwinds: hawkish Fed signals strengthening rate hike expectations, rising Treasury yields pressuring risk assets, seven consecutive weeks of ETF outflows, and Strategy's ~$13.9 billion paper loss on its BTC holdings fueling market fear. The $60,000 level is a critical near-term support — a breakdown could open the door to $55,000. Over $650 million in long positions were liquidated, with the bearish trend firmly in place. Caution is advised for counter-trend buying attempts.

Crypto_Buzz_with_Alex

4h ago

#BTCProbes60KKeySupportLevel
Bitcoin Just Tagged $59,023 — Lowest Since October 2024 — and Every Signal Is Telling the Same Bearish Story Right Now
Let me give this community the honest unfiltered breakdown because the setup here is serious and deserves straight talk not hopium.
Bitcoin broke below $60,000 yesterday hitting a low of $59,023. That's the lowest price we've seen since October 2024 — erasing eight months of price progress in a matter of weeks. Over $650 million in long positions got liquidated in the process. The people who were buying every dip on the way down paid a significan

BTC-1.86%

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ybaser:

2026 GOGOGO 👊

TheBuzzingBee

3h ago

✨️💫👀 Wall Street Just Put a $3,500 Target on AAVE — But That's Not the Real Story.
AAVE has surged 15% after Standard Chartered reportedly set a $3,500 price target, instantly putting one of DeFi's oldest protocols back in the spotlight.
But here's what caught my attention:
AAVE isn't a new narrative.
It survived the DeFi summer.
It survived multiple bear markets.
It survived the collapse of major crypto firms.
While countless projects came and went, AAVE kept doing the same thing: facilitating billions in decentralized lending.
That's why this move matters.
The market isn't just reacting to

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User_any

7h ago

#BTCProbes60KKeySupportLevel
Bitcoin is testing the one level the entire market is watching — and right now, it is holding by a thread.
🔹 The price action, right now
BTC fluctuated between $59,108 and $63,221 over the past 24 hours. Currently pressing the lower bound of that range near $60,973. Down 4.47% over the past seven days. Down $13,961 from the May 25 peak of $77,623. The structure is clearly under distribution pressure.
🔹 The technical picture across all timeframes
Bearish alignment is confirmed across the 15-minute, 4-hour, and daily charts simultaneously. MA7 sits below MA30, whi

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Saidur48

2h ago

The Future of Web3 Publishing and Creator Economy
The creator economy is booming, but traditional publishing platforms like Substack, Medium, and WordPress still control your data, your audience, and your revenue. If a platform decides to change its algorithm or ban your account, years of hard work can vanish overnight.
Enter Paragraph —a revolutionary Web3 publishing platform that gives writers, creators, and communities absolute ownership over their content and audience.
In this blog, we will explore what Paragraph is, how it utilizes blockchain technology, and why it is turning into the ult

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DragonFlyOfficial

8h ago

#BTCProbes60KKeySupportLevel
The $60K Breach: When Psychology Meets Liquidation
Bitcoin just did what every chartist feared but few truly believed would happen this quickly. The $60,000 level—a fortress that held through multiple assaults since late 2024—finally cracked. At $59,023, BTC hit its lowest point since October 2024, and the market is now asking the uncomfortable question: was this a healthy correction or the start of something uglier?
The Anatomy of a Breakdown
This isn't just about price. It's about structure. The $60K level represented more than a round number; it was the psychol

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Vortex_King:

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Pheonixprincess

6h ago

#BTCProbes60KKeySupportLevel
BTC Tests Key $60K Support
Bitcoin is trading around $60.7K–$61.5K, down roughly 2% in the last 24 hours as it continues testing the crucial $60,000 support zone.
Key Levels
Support:
• $60,000
• $59,000–$57,500
• $55,000–$52,000
Resistance:
• $62,000–$63,000
• $65,000
• $66,500–$67,000
• $70,000+
Trading Setup
Long Entry:
Consider entries around $60K–$61K if BTC shows a strong bounce with increasing volume.
Take Profit Targets:
• TP1: $65K
• TP2: $70K–$75K
Stop Loss:
• Below $59K for short-term trades
• Below $57K for swing positions
Bullish Scenario
If BTC holds

BTC-1.86%

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GateUser-10fa9667:

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BeautifulDay

4h ago

#BTCProbes60KKeySupportLevel
Bitcoin's break below the $60,000 level has become one of the most closely watched developments in the crypto market. For months, this area acted as a major psychological and technical support zone, providing confidence to both retail and institutional participants. The recent decline below this level has triggered a wave of uncertainty, forcing traders to reassess market conditions and risk exposure.
What makes this move particularly important is the scale of liquidations that followed. Hundreds of millions of dollars in leveraged positions were wiped out in a sh

BTC-1.86%

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HighAmbition:

good information 👍👍👍👍

discovery

4h ago

#BTCProbes60KKeySupportLevel
BTC probes the $60K line and buyers step in
Bitcoin just tested the level everyone was watching. On Gate the BTC/USDT spot print hit $59,108.6 in the last 24h, then bounced hard to $61,806.3, down 1.46% on the day. Perp trades at $61,767.5, down 1.48%. Turnover hit 1.33B USDT on 21.79K BTC volume, a clear liquidation flush.
The 4h chart tells the story. BTC rejected from $67,297.6 last week, rolled under all short term moving averages, MA5 at $60,798.5, MA10 at $61,741.9, MA30 at $63,204.0, then wicked into the $59K support zone. The snap back reclaimed the MA5, a

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Crypto_Buzz_with_Alex:

Ape In 🚀

MindFlare

6h ago

Deutsche Bank explains Bitcoin weakness
📌 What happened?
Deutsche Bank believes Bitcoin’s move below $60,000 was caused by three factors: a hawkish Federal Reserve, ETF outflows, and capital moving toward AI-related investments.
📌 What does it mean?
The bank is arguing that Bitcoin’s weakness is not coming from one source. Multiple macro and market forces are hitting demand simultaneously.
📌 My opinion
I think the AI rotation point is particularly interesting. Markets often chase the strongest narrative. When capital sees better opportunities elsewhere, even strong assets can struggle despi

BTC-1.86%

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Cryptofalcon1079

7m ago

#WorldCup🇺🇸vs🇹🇷 📈 Crypto Market Update
Bitcoin continues to show strength while investors closely watch market liquidity and global economic developments. Altcoins are also gaining attention as traders look for new opportunities. The coming days could bring increased volatility and exciting trading setups. 🚀#BTCProbes60KKeySupportLevel

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