Bitcoin: Monthly Cycle Support Holds Near $59K

Bitcoin sits at regular cycle-level support on the monthly timeframe near the $59k–$60k range during its fifth halving cycle.

Historical data shows the 2015 and 2018 lows respected the same yellow-line support while the 2022 FTX collapse produced a deviation to the orange line; the current 2026 low aligns with prior yellow-line behavior without extra downside.

Traders watching BTC price prediction models now focus on whether a clean monthly close below $59k opens the path to the next major support at $45k, a level last relevant during the post-FTX crypto market crash phase.

On the 4h chart BTC trades at $60734.43 inside the Bollinger band with upper resistance at $65548.78 and lower support at $59061.69; the bearish EMA structure (EMA50 $66521.47, EMA200 $73329.87) keeps price below both averages while RSI(14) at 28.01 signals oversold conditions and MACD at -2059.34 already shows a bullish golden cross, suggesting any bounce from band support could target the 50-EMA before continuation.