Bitcoin Price Downtrend Continues after Crypto Summit, Will BTC Crash to $60,000?

Bitcoin price downtrend continues, this condition was not expected by many analysts because they had a prediction that BTC price would go up after the crypto summit.

When this article was written, the price of Bitcoin (BTC) was $79,890, and in the last seven days, the BTC price has been even worse.

Regarding this situation, will BTC crash to $60.000? When BTC crashed until $60,000 or even lower, is it the right time to buy BTC? Read this article for more information.

Bitcoin Price Downtrend in Last 7 Days

Over the past week, Bitcoin (BTC) has experienced a notable downtrend, declining by 4.42% and currently standing at $79,890.77. 

This movement follows an earlier price rally that saw Bitcoin testing highs close to $92,500, only to be met with resistance and a subsequent reversal.

Market Performance and Key Metrics

The cryptocurrency market remains highly active, as reflected in Bitcoin’s market capitalization of $1.58 trillion, which has seen a 3.06% decline. 

Despite this, trading activity has surged, with the 24-hour trading volume reaching $58.1 billion, marking a 52.53% increase compared to previous days. 

This indicates heightened investor engagement, likely a combination of profit-taking and reactive trading due to Bitcoin’s price fluctuations.

Read Also: How to Buy Bitcoin (BTC)

Analyzing the Bitcoin (BTC) Downtrend

Bitcoin’s price trajectory over the past week has been characterized by sharp volatility. Initially, the asset demonstrated strong bullish momentum, reaching a peak of $92,500.

However, as traders began locking in profits at these higher levels, selling pressure mounted, causing BTC to retreat.

The decline was gradual at first but became more pronounced in the last few days, ultimately leading Bitcoin to break below the critical $80,000 support level. 

This breach signaled further bearish sentiment, pushing the price to its current level.

Key Factors Contributing to the BTC Price Drop

1. Profit-Taking After All-Time Highs

With Bitcoin nearing new record highs, many traders and institutions secured profits, leading to increased sell orders and a subsequent price decline.

2. Market Correction and Technical Resistance

The sharp rally to $92,500 created an overbought condition, making it difficult for Bitcoin to sustain its upward momentum. 

The correction that followed was a natural market response, ensuring price stability before another potential rally.

3, Psychological and Technical Support Breach

The $80,000 mark served as a crucial psychological and technical support level. Once Bitcoin dropped below this threshold, stop-loss triggers and further selling pressure accelerated the decline.

4. External Market Influences

Broader macroeconomic conditions, such as concerns over interest rate policies, regulatory discussions, or geopolitical developments, could have influenced investor sentiment.

What if BTC Crashes to $60,000?

Bitcoin’s near-term price action will likely depend on whether it can stabilize above the $78,000–$80,000 range or if further downside pressure pushes it lower.

• $72,000 – Psychological support: A minor rebound zone before further decline.

• $68,000 – Technical support: A critical historical level from past bull runs.

• $60,000 – Final Major Support: If BTC drops here, it could signal a deeper bear market.

Bitcoin (BTC) has been experiencing a notable downtrend, slipping below key support levels and raising concerns about a deeper correction. 

Read Also: Bitcoin (BTC) Price Prediction in the Next 100 Years

If the bearish momentum continues and BTC plunges to $60,000, it would represent a 33% decline from its recent high of $92,500.

This scenario would have significant market implications, impacting traders, investors, and the overall crypto ecosystem.

Negative Impact of White House Crypto Summit

The highly anticipated White House Crypto Summit, held on March 7, 2025, was expected to boost Bitcoin's price and overall crypto market sentiment. 

However, instead of providing a bullish catalyst, Bitcoin saw a negative reaction, with prices declining after the event. 

Investors and market participants had high hopes for pro-crypto policies, but the summit failed to deliver significant positive momentum for Bitcoin. 

Several key factors contributed to this outcome.

Lack of New Government Purchases

President Trump's executive order established a strategic Bitcoin reserve using cryptocurrencies seized through legal proceedings, without committing to new government purchases. 

This approach disappointed investors who had hoped for active government acquisition of Bitcoin, leading to a price decline.

Unmet Investor Expectations

The summit did not introduce significant supportive policies for the crypto market. The absence of new initiatives led to a sell-off among investors, contributing to Bitcoin's price drop.

Global Economic Concerns

Broader economic issues, such as potential recessions and trade tensions, have created a risk-averse environment. 

This climate has negatively affected cryptocurrencies, including Bitcoin, as investors become more cautious. 

Final Note

Bitcoin’s price action remains heavily bearish, with technical indicators showing weak momentum and growing sell pressure. 

The White House Crypto Summit failed to provide any major bullish catalysts, and broader economic concerns are adding to Bitcoin’s struggle.

The risk of Bitcoin crashing to $60,000 is increasing, especially if it fails to hold above $75K–$78K. 

If this happens, expect a wave of liquidations and panic selling to drive BTC further downward. However, long-term investors might see $60K as a major buying opportunity, setting the stage for a potential recovery.

Bitcoin’s next critical weeks will determine whether it stabilizes and rebounds or enters a deeper correction phase toward $60K. Watch for key support levels and whale activity as indicators of what’s coming next.

Read Also: Analyzing Strategic Crypto Reserve in Baby Language

Disclaimer

The information provided in this discussion, including price analysis, market trends, and future projections, is for informational and educational purposes only. It should not be considered financial or investment advice. 

Cryptocurrency markets are highly volatile, and prices can fluctuate due to various factors, including economic conditions, regulatory changes, and investor sentiment.

Before making any financial decisions, conduct your own research (DYOR) and consult with a qualified financial advisor. 

Trading and investing in cryptocurrencies carry risks, and past performance is not indicative of future results. Always invest responsibly and only risk capital you can afford to lose.

FAQ

1. Why did Bitcoin drop after the White House Crypto Summit?

The summit failed to meet market expectations by not introducing new pro-Bitcoin policies. Instead of direct government Bitcoin purchases, the U.S. only announced a strategic Bitcoin reserve built from seized assets, not fresh acquisitions. Additionally, no regulatory clarity was provided, leaving investors uncertain and leading to a sell-off.

2. Is Bitcoin’s decline just a correction, or could it crash to $60,000?

Bitcoin's price is currently in a strong downtrend, breaking below $80,000 support. If the decline continues and $75K–$72K support levels fail, BTC could drop to $60,000 due to:

• Mass liquidations triggering forced selling.
• Whale sell-offs and weak buying pressure.
• Macroeconomic concerns, including recession fears.

However, if BTC finds strong support around $75K, a rebound is possible.

3. What are the key support and resistance levels to watch?

Key Support Levels:

• $75,000 – A major test; breaking below could accelerate the drop.

• $72,000 – Temporary support before further downside.

• $68,000 – Historically significant support.

• $60,000 – A major accumulation zone; a crucial level to hold.

Key Resistance Levels (if BTC rebounds):

• $80,000 – BTC must reclaim this level for a bullish recovery.

• $82,500 – $85,000 – Strong resistance that could trigger another pullback.

4. What could trigger a Bitcoin recovery instead of a crash?

For BTC to reverse the downtrend, it needs:

• Whale accumulation – Large investors buying at support levels.

• Strong on-chain metrics – Reduced BTC inflows to exchanges (less selling pressure).

• Oversold indicators – If RSI falls below 30, it could signal a reversal.

• Improved macroeconomic conditions – A shift to risk-on sentiment in financial markets.

5. If Bitcoin crashes to $60K, is it a buying opportunity or a warning sign?

If BTC drops to $60K and holds, it could be a strong buying opportunity, as institutions may accumulate.

If BTC fails to hold $60K, it could indicate a deeper bear market, potentially testing $50K or lower.

Bitcoin is at a critical level—whether it crashes or recovers will depend on how buyers react at key support levels.