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CryptoUpdated•Originally published 3 April 2026•Updated 4 April 2026•

1 min read

Bitcoin Struggles to Form Bottom as Analysts Warn of Potential Drop Below $60,000

Golden Bitcoin coins, digital charts, and upward green arrows on an orange world map background, depicting crypto growth.

Key Facts

1Bitcoin is currently attempting to form a price bottom, but analysts warn that the decline may not be over yet.

2There are technical concerns that the psychological support level of $60,000 may break down.

2 months ago

Version History

1 additional source confirmed this story

Version 12 months ago

What changed: The story was updated to include the new strategic partnership between Ripple and Mastercard, while highlighting XRP's volatility amid current macroeconomic conditions.

Bitcoin (BTC) is currently attempting to establish a price floor following recent volatility, as analysts warn of a potential break below the $60,000 psychological support level. This pressure extends across the broader market, impacting altcoins like ETH and SOL, while XRP experiences heightened volatility driven by a highly unstable global macroeconomic environment. Amidst these challenges, Ripple, the issuer of XRP, has announced a new strategic collaboration with Mastercard to strengthen its market presence. Despite this institutional development, ongoing geopolitical tensions and macro uncertainty continue to weigh heavily on investor risk appetite. If key support levels fail to hold, the digital asset market could face a broader wave of forced liquidations. Investors are now closely monitoring both institutional news and price action at critical levels to determine the market's next move.