Can BTC Price Still Go To $40,000?
Bitcoin is presently buying and selling round $66,400, which is sort of 48% under its all-time excessive of $126,080 set in October 2025, and a technical evaluation is drawing a line within the sand for the correction.
Based on a crypto analyst generally known as Leshka.eth, Bitcoin is now approaching a value stage that may decide whether or not this cycle survives or collapses right into a full reset. That line is $60,000, and whether or not it holds could form Bitcoin’s value trajectory for the remainder of the yr.
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$60,000 As The Vital Line Of Protection
According to crypto analyst Leshka.eth, the $60,000 value is now crucial zone for Bitcoin within the present market construction. This stage is what the analyst describes as the ultimate barrier that may decide whether or not a deeper correction performs out to lower cost ranges.
Bitcoin has been buying and selling across the low $70,000 area in latest periods, and the previous 24 hours have been characterised by one other 3.3% drop. Though its present positioning retains it comfortably above the $60,000 stage for now, the margin is not broad sufficient to disregard draw back dangers.
The weekly candlestick chart shared by the analyst reveals how earlier breakdowns from comparable buildings have led to cost crashes. Nonetheless, you will need to observe that Bitcoin has not misplaced the $60,000 value stage this cycle, with the early February crash discovering a backside round $63,000.
This context makes the $60,000 stage significantly important. It has saved on performing as a strong ground all through the previous two months, serving to to take care of the upper value construction between $63,000 and $76,000. Due to this fact, a lack of $60,000 would imply that patrons have misplaced management of an essential structural stage that has supported the Bitcoin value all through the present cycle.
Bitcoin Price Chart. Source: @leshka_eth On X
The Macro Trendline In Each Bitcoin Cycle
The broader construction turns into clearer when trying on the long-term trendline drawn throughout a number of Bitcoin cycles. The trendline, which is drawn on the weekly candlestick chart from 2018 via to a projected 2028, connects the deepest cycle lows that fashioned throughout prolonged bearish value motion.
In late 2018, Bitcoin topped out, collapsed, and fell to the trendline in 2020 earlier than getting into a chronic accumulation section close to the lows. It then lastly surged into the 2021 cycle high. The identical construction repeated within the 2022 bear market: Bitcoin crashed from its peak, returned to the macro trendline in 2023, amassed, and launched into a brand new cycle that carried it to $126,080 in October 2025.
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That trendline is now across the $40,000 value stage. Based on the analyst, if $60,000 holds, then the cycle survives. If it breaks, $40,000 turns into the underside and accumulation begins over, Leshka.eth wrote within the publish on X.
Featured picture from Pexels, chart from TradingView
