Bitcoin could be heading to $60,000 after slipping below a crucial support zone between $75,000 and $76,000, says analyst Michaël van de Poppe.
He noted that Friday corrections often turn bullish, and there are multiple CME Bitcoin futures gaps above the current price. But if BTC doesn't reclaim $76,600, new highs look unlikely.
The forecast comes as macroeconomic uncertainty weighs on markets, with new Federal Reserve Chairman Kevin Warsh’s interest rate policies under scrutiny.
On Polymarket, odds of Bitcoin hitting $55,000 in 2026 stand at 51%, while a drop to $45,000 sits at 31%. Still, 71% of Bitcoin’s circulating supply is held by long-term holders, which some analysts say makes a break below $60,000 unlikely.
Trader Matthew Hyland pointed out that Bitcoin’s 89-day rally following the February low at $60,000 is historically bullish. “There has never been a rally that trended upward for 89 days ever in a bear market in BTC history,” he said.
Despite the recent uptrend, bitcoin remains below its 200-day and 365-day moving averages, signaling possible consolidation ahead.