Analyst Rekt Capital has issued a warning as Bitcoin faces a critical test at the $60,000 level. Bitcoin is once again testing $60,000 as traders debate whether another major leg down is incoming. The price action comes as BTC appears on the verge of losing a key support level that has held for months. Rekt Capital noted that a weekly close below $60,000 could trigger a deeper correction, potentially toward the low $50,000s. The analyst emphasized that bulls must defend this level to avoid a breakdown in market structure.
BitcoinBitcoin faces a critical test at $60,000; a weekly close below could trigger a deeper correction toward low $50,000s.