A $50,000 Bitcoin price target remains in play despite BTC’s defense of the $60,000 support, as multiple indicators warn the bottom may not be in.

Bitcoin is testing a critical support area as investors assess whether the $60,000 level can hold. A strategist said a break lower could bring $55,000

Bitcoin trades at $61,822 per coin on June 7, 2026, with RSI at 24 and 13 of 15 moving averages signaling bearish signs.