How low can Bitcoin price go if $60K support fails?

Written by Yashu Golastaff writerReviewed by Allen Scottstaff editorWritten by Yashu Golastaff writerReviewed by Allen Scottstaff editorHow low can Bitcoin price go if $60K support fails?MarketsPublishedJun 5, 2026Bitcoin’s downside targets cluster near $50,000, but a larger weekly bearish setup puts a deeper correction toward $33,000 on the radar.Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday.BTC/USD weekly chart Source: TradingViewBTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level.How low can Bitcoin go if it breaks below $60,000? Key takeaways:Bitcoin is testing its 200-week SMA near $61,800, a level that has historically acted as major cycle support.Analyst says $55,000 may be Bitcoin’s worst-case downside if the 200-week SMA continues to hold.Bitcoin to $55,000 is the worst-case scenario: AnalystBitcoin may print a brief wick below $60,000 before finding stronger demand, according to analyst Radz.In a Friday post, he said $55,000 could mark the "worst" downside scenario for Bitcoin, citing the 200-week simple moving average (200-day SMA, pink) as the core reason behind his bullish outlook.BTC/USD weekly chart. Source: BarChart/TradingViewThat level has historically acted as one of Bitcoin’s strongest long-term support zones. Previous retests of the 200-week moving average in 2019, 2020, 2022 and 2023 either marked major cycle lows that preceded strong recovery phases.In February 2026, Bitcoin rose by over 37% after testing the 200-week SMA as support too. This week is BTC's second attempt this year to hold above the pink line, as it treads around $62,000.Bitcoin bear flag warns of deeper correction toward $50,000A maturing bear flag on Bitcoin’s chart suggests the correction may extend well below the $55,000 area.As of Friday, BT…

How low can Bitcoin price go if $60K support fails?

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