Bitcoin (BTC) has broken below the psychological $60,000 threshold, trading at $59,761 on Monday morning.
The decline of 0.95% from the previous session’s close marks a decisive shift from the consolidation pattern observed over the weekend, when the digital asset hovered near $60,300 with minimal volatility.
The renewed selling pressure indicates that buyers are unwilling to defend the $60,000 level at current volumes.
The loss of the $60,000 support level is significant for traders who had positioned for a stabilization in that range.
Over the weekend, Bitcoin showed only marginal gains, rising 0.26% on Saturday to $60,310 and adding another 0.04% on Sunday to $60,334.
That narrow trading band suggested a temporary pause in the broader downtrend, but Monday’s open has invalidated that technical footing.
The renewed selling pressure indicates that buyers are unwilling to defend the $60,000 level at current volumes.