The post Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000? appeared on BitcoinEthereumNews.com.

Bitcoin is currently trading around $66,400, which is almost 48% below its all-time high of $126,080 set in October 2025, and a technical analysis is drawing a line in the sand for the correction.  According to a crypto analyst known as Leshka.eth, Bitcoin is now approaching a price level that will determine whether this cycle survives or collapses into a full reset. That line is $60,000, and whether it holds may shape Bitcoin’s price trajectory for the rest of the year. $60,000 As The Important Line Of Defense According to crypto analyst Leshka.eth, the $60,000 price is now the most important zone for Bitcoin in the current market structure. This level is what the analyst describes as the final barrier that will determine whether a deeper correction plays out to lower price levels. Bitcoin has been trading around the low $70,000 region in recent sessions, and the past 24 hours have been characterized by another 3.3% drop. Although its current positioning keeps it comfortably above the $60,000 level for now, the margin is no longer wide enough to ignore downside risks. The weekly candlestick chart shared by the analyst shows how previous breakdowns from similar structures have led to price crashes. However, it is important to note that Bitcoin has not lost the $60,000 price level this cycle, with the early February crash finding a bottom around $63,000.  This context makes the $60,000 level particularly significant. It has kept on acting as a solid floor throughout the past two months, helping to maintain the higher price structure between $63,000 and $76,000. Therefore, a loss of $60,000 would mean that buyers have lost control of an important structural level that has supported the Bitcoin price throughout the current cycle. Bitcoin Price Chart. Source: @leshka_eth On X The Macro Trendline In Every…

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Filed under: News - @ March 29, 2026 1:07 am