•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Bitcoin fell to its lowest weekly close since the second half of 2024 last week, ending a seven-day stretch in which the cryptocurrency lost more than 8% of its value. The broader crypto market slid to levels not seen since early in the year.
While price has continued to print lower lows, the weekly relative strength index is holding higher lows, a divergence that last appeared in the period leading up to Bitcoin’s recovery from the 2022 bear-market bottom. Traders are watching whether the pattern repeats.
Bitcoin has been trading below $62,000, and it has bounced from the $60,000 level each time it has been tested in recent days. The next resistance zone is between $65,000 and $66,200, followed by a higher ceiling between $67,000 and $77,000.
Analysts said a break below $60,000—while not viewed as the most likely near-term outcome given oversold signals still working through—could open the door to the $53,000–$55,000 range.
Other major tokens have declined more sharply over the same seven-day period:
On Monday, Binance founder Changpeng Zhao (CZ) posted two short messages on X: “Bitcoin won’t be ‘dead’ for too long” and “Don’t panic,” timed to land when sentiment was at its weakest.
Bitcoin won’t be “dead” for too long.
Don’t panic, in large friendly letters.
Zhao’s post came as retail sentiment across crypto forums and social platforms was running heavily negative. The total market capitalization of the crypto sector has dropped to levels last seen in early 2026.
The $60,000 support level remains the key threshold for the days ahead. It has held so far, but each additional test increases focus on what happens if it fails.
