Bitcoin is trading at approximately $75,800, marking a nearly 40% decline from its October 2025 peak of $126,000. The recent breach of the support zone between $75,000 and $76,000 has led to a wave of bearish predictions, with some analysts suggesting that a drop to $60,000 is possible if Bitcoin cannot reclaim the critical resistance level of $76,600. Michaël van de Poppe, a crypto market analyst, emphasizes that failure to recover above this threshold would indicate a bearish trend and open the door for further declines. Conversely, some analysts argue that the behavior of long-term holders, who currently hold 71% of Bitcoin's circulating supply, may prevent a significant drop. This cohort typically absorbs selling pressure, which could stabilize prices. The macroeconomic environment, including rising inflation and potential Federal Reserve rate hikes, adds to the uncertainty. As Bitcoin attempts to recover towards $76,800, the focus remains on reclaiming the $76,600 level to avoid further declines toward the $60,000 mark.