Bitcoin is trading around $75,800 at press time, down roughly 40% from the all-time high of $126,000 it hit in October 2025. Some analysts now warn the selloff isn't done — they see a potential slide to $60,000, a level that would revisit the cryptocurrency's lowest point so far this year.
From the October peak
Bitcoin's decline has been steady. After touching $126,000 in October 2025, the price began to erode. By May 2026, it had shed tens of thousands of dollars in value. The current $75,800 print marks a serious drawdown for a market that had been riding high just seven months ago. The drop has erased billions in market cap and left many holders underwater.
Forecast for $60,000
Some analysts are now pointing to $60,000 as the next likely floor. That figure isn't pulled from thin air — it represents a retest of the 2026 low already seen earlier this year. The thinking goes that if Bitcoin breaks below current support, the $60,000 zone could act as a magnet. A move there would mean another 20% drop from today's price. The timing isn't great for bulls who had hoped the worst was over.
A test of the 2026 low
Bitcoin already touched $60,000 once in 2026. If it revisits that level, traders will be watching closely to see if it holds or breaks. A bounce could signal a double bottom; a breakdown would open the door to even lower prices. For now, the market is waiting. The next few trading sessions will show whether $60,000 holds or gives way.
