Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses.

Key points:

• Bitcoin struggles to stabilize amid its worst week of losses in 2026 so far.
• $60,000 is the line in the sand for bulls to defend, analysis says.
• BTC price action with a key trend line closely mimics the 2022 bear market.

Bitcoin “sellers remain in control” as $60,000 nears

Data from TradingView showed BTC price strength barely recovering after a slide to its lowest levels since early February.

BTCUSD one-hour chart. Source: Cointelegraph/TradingView

BTCUSD revisited its 200-week simple moving average (SMA) trend line at the lows, continuing to copy “classic” bear-market behavior from 2022.

“Continuation down after that…