Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000?

That line is 60,000, and whether it holds may shape Bitcoin’s price trajectory for the rest of the year. Related Reading: UK Slaps Sanctions On 20B Crypto Black Market Tied To Southeast Asia Scam Rings 60,000 As The Important Line Of Defense According to crypto analyst Leshka.eth, the 60,000 price is now the most important zone for Bitcoin in the current market structure. This level is what the analyst describes as the final barrier that will determine whether a deeper correction plays out to lower price levels. Bitcoin has been trading around the low 70,000 region in recent sessions, and the past 24 hours have been characterized by another 3.3 drop. Although its current positioning keeps it comfortably above the 60,000 level for now, the margin is no longer wide enough to ignore downside risks. The weekly candlestick chart shared by the analyst shows how previous breakdowns from similar structures have led to price crashes. However, it is important to note that Bitcoin has not lost the 60,000 price level this cycle, with the early February crash finding a bottom around 63,000. This context makes the 60,000 level particularly significant. It has kept on acting as a solid floor throughout the past two months, helping to maintain the higher price structure between 63,000 and 76,000. Therefore, a loss of 60,000 would mean that buyers have lost control of an important structural level that has supported the Bitcoin price throughout the current cycle. Bitcoin Price Chart. Source: @leshka_eth On X The Macro Trendline In Every Bitcoin Cycle The broader structure becomes clearer when looking at the long-term trendline drawn across multiple Bitcoin cycles. The trendline, which is drawn on the weekly candlestick chart from 2018 through to a projected 2028, connects the deepest cycle lows that formed during extended bearish price action. In late 2018, Bitcoin topped out, collapsed, and fell to the trendline in 2020 before entering a prolonged accumulation phase near the lows. It then finally surged into the 2021 cycle top. The same structure repeated in the 2022 bear market: Bitcoin crashed from its peak, returned to the macro trendline in 2023, accumulated, and launched into a new cycle that carried it to 126,080 in October 2025. Related Reading: Shiba Inu Under Pressure As Nearly 40B Netflow Surge Hits Exchanges That trendline is now around the 40,000 price level. According to the analyst, if 60,000 holds, then the cycle survives. If it breaks, 40,000 becomes the bottom and accumulation starts over, Leshka.eth wrote in the post on X. Featured image from Pexels, chart from TradingView