BTC/USD Forecast: Bitcoin Falls Below $60,000Bitcoin / U.S. DollarGEMINI:BTCUSDJohn_IsigeBTC/USD remains under strong bearish pressure after breaking below the psychological 60,000.00 level and reaching an intraday low of 59,102.00, marking one of the weakest performances since the 2024 halving. Despite a modest rebound, the market continues to face significant headwinds from deteriorating investor sentiment, heavy ETF outflows, and capital rotation into AI-related equities. Selling accelerated during the June 24 session as investors reduced exposure to digital assets. From its all-time high of 126,000.00 reached in October 2025, Bitcoin has now lost more than half of its value, erasing nearly all gains generated during the post-ETF rally. The decline spread across the broader cryptocurrency market. Ethereum fell below 1,700.00, Solana approached 67.00, while XRP, Cardano and Dogecoin each lost around 5.0% over the session. According to CoinGlass, nearly 1.0 billion dollars in leveraged crypto positions were liquidated during the past 24 hours, with long positions accounting for approximately 788.0 million dollars of total losses. The largest single liquidation exceeded 12.0 million dollars on Binance’s BTC/USDT trading pair. At the same time, institutional investors continue rotating capital toward artificial intelligence companies. SK Hynix announced plans to raise nearly 30.0 billion dollars through a U.S. equity offering, potentially becoming one of the largest share sales in recent years. Billionaire investor Philippe Laffont also stated that AI companies and private firms such as SpaceX currently offer a more attractive long-term investment opportunity than Bitcoin, while the rapid adoption of stablecoins has reduced part of BTC’s original competitive advantage. Additional pressure comes from weakening confidence in traditional Bitcoin valuation models. BTC has fallen below the lowest band of the Rainbow Chart, entering the historical “Bitcoin Is Dead” zone for the first time since the model was introduced. Analysts note that while this historically coincided with periods of maximum pessimism before major recoveries, Bitcoin has evolved into an institutional asset increasingly driven by ETF flows and macroeconomic conditions rather than historical four-year cycles. Support and resistance levels The trading instrument is testing the key psychological support at 60,000.00. A confirmed breakdown below this level could accelerate the decline toward 50,000.00, where the next major support zone is located. If buyers manage to return the price above 75,000.00, recovery may continue toward 79,000.00, where the major long-term moving averages are concentrated. Technical indicators continue to favor sellers. The Bollinger Bands are expanding downward, the MACD histogram remains in negative territory, while the Stochastic oscillator is approaching the oversold zone, indicating that a technical rebound cannot be ruled out after the recent sharp decline. Resistance levels: 75,000.00, 79,000.00. Support levels: 60,000.00, 50,000.00. BTC/USD Trading Scenarios and Forecast Short positions may be considered below 60,000.00, with targets at 50,000.00 and a stop-loss at 63,500.00. Expected implementation period: 5–7 days. Long positions may be considered above 75,000.00, with targets at 79,000.00 and a stop-loss at 71,500.00. Main Scenario Timeframe Weekly Recommendation SELL STOP Entry Point 59,950.00 Take Profit 50,000.00 Stop Loss 63,500.00 Key Levels 50,000.00, 60,000.00, 75,000.00, 79,000.00 Alternative Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 75,050.00 Take Profit 79,000.00 Stop Loss 71,500.00 Key Levels 50,000.00, 60,000.00, 75,000.00, 79,000.00