That’s why analysts expect Bitcoin’s price to collapse to $60,000

According to several prominent Bitcoin analysts, the price of Bitcoin may fall to $60,000 in the coming months. Bitcoin’s momentum has stalled recently, and its recent major gains may be fragile.

Many analysts have predicted that 2025 will be a bullish year for Bitcoin, but they still claim that its price will first see a sharp decline in the short term before a future bull cycle materializes.

Will the price of Bitcoin collapse?

These were Bitcoin price predictions Assembled By Ali Martinez, A Leading space analyst. Bitcoin Futures price momentum has declined sharply recentlyurged Fears that A goal of $110,000 by New Year’s Eve It became unreal.

Meanwhile, some prominent analysts believe that a lack of support at various price points and the current supply shock could be causing this BTC will fall further.

We now open trading on Monday at just under $95,000. This is very bad. We are now, as I like to call it [it],slip [into] $92,000 range. Getting too close… Pandora’s box literally opens in a massive crash. The probability has greatly increased that we can easily reach $73,000. “You are sitting on the last line of support.” He claimed Fayez ringtone.

Over the past week, Bitcoin has been in a “major support zone” between $97,000 and $93,800. If the asset falls below this range, we could see a sharp drop to $70,000, below which there is minimal support. Unfortunately, the price of BTC is currently… Hanging at the lower end of this range.

He also pointed out several trends that clearly reflect the growing tension in the Bitcoin community. For example, investors sent more than $3 billion worth of Bitcoin to exchanges last week, as well Bitcoin whales have limited their exposure. ETFs, which typically generate huge returns, have done so as well It witnessed outflows exceeding $1 billion.

until Bullish expectations for the future It still contains a hint of pessimism. For example, analysts from On the Cryptoverse podcast a companycom. mpared Bitcoin to Invesco QQQ price movements in the 1990s. It rose in a very similar way to BTC this year, crashed dramatically, and then rose again to completely outperform the first bull market.

“I think a year from now Bitcoin will be around $250,000. But knowing that it’s so volatile, Mark Newton, our technician, thinks Bitcoin’s cycle will come down a little bit early next year, and maybe Bitcoin will hit the 60s. $60,000 before 250 A thousand dollars.” He claimed Thomas Lee, CTO at Fundsrat Capital and CNBC contributor.

However, in the end, major asset managers continue to provide unambiguous bullish forecasts on Bitcoin price movements. For example, Bitwise claimed earlier this month That BTC could reach $200,000 in 2025, with steady growth. Pantera Capital even made the bold statement It will reach $740,000 by 2028.