Bitcoin is trading near $66,400, down 48% from its all-time high of $126,080 set in October 2025. Analyst Leshka.eth identifies $60,000 as the key level that will decide whether Bitcoin’s current cycle survives or collapses into a full reset. Recent sessions have seen Bitcoin trade around $70,000, with a 3.3% drop in the past 24 hours narrowing the margin above $60,000. The $60,000 level has acted as a solid floor since early February, when Bitcoin bottomed at $63,000. Losing this level would indicate buyers are losing control of an important structural support.
BTCUSD is currently trading at $66,114.
The broader trendline across multiple Bitcoin cycles shows that if $60,000 holds, the current cycle survives. If it breaks, $40,000 becomes the new bottom, signaling a reset and accumulation phase.