Bitcoin (BTC) has slipped below the psychological $60,000 threshold, trading at $59,158 on Tuesday morning.
The move marks a sharp reversal from the modest stability seen over the weekend, when the asset briefly consolidated around the $60,300 level.
The failure to hold the $60,000 support suggests that sellers remain in control, with the recent consolidation proving to be a temporary pause rather than a trend reversal.
The breakdown signals that buying interest at the $60,000 mark was insufficient to sustain a recovery.
After posting marginal gains of 0.26% on Saturday and 0.04% on Sunday, the digital asset has resumed its broader downward trajectory.
The failure to hold the $60,000 support suggests that sellers remain in control, with the recent consolidation proving to be a temporary pause rather than a trend reversal.
Market participants are now watching for further downside momentum.