Bitcoin is currently trading close to $64,000 after briefly dipping to $59,743 on June 5, 2026. This was the lowest price since October 2024 and marked a notable pullback from recent highs. On June 15, Coinbase CEO Brian Armstrong announced that he believes Bitcoin’s cyclical low is set at $60,000. Armstrong’s view relies on the four-year Bitcoin halving pattern, a recurring event that has historically influenced Bitcoin price cycles.