Bitcoin touched $ 58,035 on Thursday morning, its weakest level of 2026, while the crypto markets continue to return home with $ 40 billion removed from the market capitalization in 24 hours, pushing the entire market dangerously close to slipping below the $ 2 trillion mark.
The move has caught the attention of well-known experts. PlanB, the creator of the widely followed Stock-to-Flow model, said that Bitcoin will remain below its Guaranteed Value of around $53,000, in line with the previous bear market in Bitcoin’s history.
Growth has slowed since October 2025. Bitcoin has fallen from $126,000 to $58,000, wiping $2.2 trillion off the total value of the crypto market. Along the way it has survived the biggest end-to-end event in history, the rise in prices of Trump and China, the US-Iran military conflict, the Federal Reserve’s hawkish pivot and the first strategy to sell Bitcoin in years.
The next level of support you’ll see is between $53,000 and $55,000.
