Bitcoin Faces Potential Slide Below $60,000 as Zcash Bulls Disengage

Bitcoin is currently trading just over $62,000, hovering roughly $2,700 above the $60,000 threshold that represents a significant low‑point on a downward trajectory.

The cryptocurrency has declined nearly 16% from the summit of about $74,000 reached last week, with most of the slide occurring over the past three trading sessions during the global AI market wobble.

A breach of the $60,000 level would return Bitcoin to territory last visited during the February pullback, with the next primary support likely around $55,000.

Earlier 2026 support levels have eroded. U.S. spot Bitcoin ETFs have recorded 15 consecutive days of net outflows totaling more than $4.7 billion.

In addition, Strategy announced its first Bitcoin sale since 2022 earlier this week, and it no longer functions as the marginal corporate buyer that facilitated selling through 2024 and 2025.

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