Bitcoin’s current price is $66,400. That is 48% less than the all-time highest of $126.080 in October 2025. drawing a line in the sand For the corrective.
Bitcoin, according to Leshka.eth (a crypto-analyst), is the most popular cryptocurrency. is now approaching a This price will be the deciding factor in whether or not this cycle is successful. This line, which is $60,000. If it remains in place for the remainder of this year could determine the price path of Bitcoin.
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$60,000 as the Important Line Of Defense
According to According to crypto analyst Leshka.eth the price of $60,000 is the key level for Bitcoin within the current market structure. Analyst Leshka.eth describes this price level as the final hurdle that will determine if there is a further correction to lower levels.
Bitcoin is trading in the $70,000 range and has experienced a 3.3% decline over the past day. Its current positioning has it comfortably above $60,000 for now. However, this margin is not large enough to ignore potential downside risks.
Analyst’s weekly candlestick chart shows that previous price drops have been caused by similar breakdowns. It is also important to remember that Bitcoin’s price hasn’t dropped below $60,000 this cycle. The early February crash found a low of around $63,000.
The $60,000 threshold is particularly important in this context. This context makes the $60,000 level particularly significant. has kept on acting as A solid base has been maintained over the last two months. This helped to keep the price range between $63,000- $76,000. A loss of $600,00 would be a result. that buyers have lost control The Bitcoin price has been supported by a significant structural level throughout this current cycle.
Bitcoin Price Chart. Source: @leshka_eth On X
Macro Trendline in Every Bitcoin Cycle
Looking at the longer-term trendline across several Bitcoin cycles reveals a more comprehensive structure. This trendline is shown on the chart of the weekly candles from 2018, through 2028 projected, and connects all the lowest cycle lows formed by extended price declines.
Bitcoin reached its highest point in December 2018, then fell back to the trendline, before entering into a long accumulation phase. Finally, it surged to the top of 2021’s cycle. This same pattern was repeated during the bear market in 2022: Bitcoin dropped from its peak in early 2022 and returned to the trendline macro in 2023. After accumulating, it launched into a cycle that took Bitcoin to $126.080 in Oct 2025.
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This trendline now lies around $40,000 in price. If $60,000 remains, the analyst says, then the cycle survives. Leshka.eth posted on X that if it broke, $40 000 would be the new bottom, and the accumulation process would start over.
Chart from TradingView, a chart with a featured image by Pexels.
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Source: www.newsbtc.com
