Bitcoin may have formed structural bottom at $60K, analysis suggests

Bitcoin (BTC) may not fall below $60,000 again, U.Today reported. The analysis is based on Bitcoin's 200-week moving average (200WMA) officially surpassing the $60,000 mark. Historically, this indicator has acted as a key support for the price floor, except in extreme bear markets, suggesting a structural rise in the baseline. Separately, anonymous crypto trader DonAlt, who has approximately 710,000 followers on X, suggested that a breakout above $87,000 for BTC would trigger a strong bullish reversal across the broader market.