Bitcoin cryptocurrency can be expected to fall further toward the next round support level 60000.00 (target price for the completion of the active short-term impulse wave C).
- Bitcoin broke support area
- Likely to fall to support level 60000.00
Bitcoin cryptocurrency recently broke the support area located between the powerful support level 74720.00 (previous yearly low from 2025, as can be seen from the daily Bitcoin chart below) and the 61.8% Fibonacci correction of the sharp extended weekly upward price impulse (3) from middle of 2024. The breakout of this support area accelerated the active short-term impulse wave C – which belongs to the medium-term ABC correction (4) from the end of 2025.
Given the strength of the active impulse wave C and the widespread bearish sentiment seen across the crypto markets today, Bitcoin cryptocurrency can be expected to fall further toward the next round support level 60000.00 (target price for the completion of the active short-term impulse wave C).
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