# BTCProbes60KKeySupportLevel

On June 24, Bitcoin broke below the $60,000 level, hitting a low of $59,023 — its lowest since October 2024. The selloff is driven by multiple headwinds: hawkish Fed signals strengthening rate hike expectations, rising Treasury yields pressuring risk assets, seven consecutive weeks of ETF outflows, and Strategy's ~$13.9 billion paper loss on its BTC holdings fueling market fear. The $60,000 level is a critical near-term support — a breakdown could open the door to $55,000. Over $650 million in long positions were liquidated, with the bearish trend firmly in place. Caution is advised for counter-trend buying attempts.