Will Bitcoin Price Drop to $60K Next or Hold Support?
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Bitcoin closed May at $73,568, down from highs above $97,000 earlier this year and well below its October 2025 all-time peak of $126,198, trading in a tight range with resistance at $74,200 and support at $72,700. ETF outflows hit $2.3 billion in May and whales sold over 6,000 BTC, while PlanB assigns over 50% probability of a drop below the 200-week moving average at $61,000 and some analysts call the range a potential bottom formation, leaving the crypto market split on direction.
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- Bitcoin closed May at $73,568, down sharply from its all-time high in October 2025.
- PlanB says over 50% probability Bitcoin drops below the 200-week moving average at $61,000.
- Analyst Astronomer views the current Bitcoin range as a potential bottom formation zone.
Bitcoin ended May at $73,568, down sharply from highs above $97,000 earlier this year and well below its all-time peak of $126,198 reached in October 2025. The token is stuck in a tight range with $74,200 acting as resistance and $72,700 holding as support. Neither side has broken yet, but the compression is building toward a decisive move.
ETF outflows hit $2.3 billion in May, and whales sold over 6,000 BTC during the month. The market is now evenly split on whether February’s $60,000 low was the bottom or just a waypoint in a deeper decline.
The Bear Case
PlanB, whose stock-to-flow model calls for…
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Coins
$ 64.06K
+0.20%$ 0.0018
+8.51%Predictions Markets
See what traders are focused on
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