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 into focus, while maintaining support could help preserve the case for a $100,000 year-end target. Bitcoin could revisit $55,000 as investors watch whether the key $60,000 support level holds, Matt Mena, senior crypto research strategist at 21Shares, said on June 5. 21Shares is one of the world’s leading issuers of crypto exchange-traded funds (ETFs). Mena said buying interest has repeatedly emerged around $60,000, making it a critical floor for BTC. If that support gives way, he said bitcoin would likely revisit $55,000.