Expert Warns: Bitcoin May Drop Below $60,000 Before Recovery

A well-known market expert is warning Bitcoin investors to prepare for more price drops before the popular cryptocurrency finds its bottom (lowest point before recovering).

Professional trader Alessio Rastani shared his latest analysis in a new interview, explaining why he thinks Bitcoin could fall below $60,000 in the coming weeks. Currently trading around $69,941, Bitcoin has already seen some recovery this year, but Rastani says this bounce isn't strong enough to signal a real turnaround.

Key points from the analysis: • Bitcoin may drop to between $59,000 and $46,000 before finding solid support (price levels where buying typically increases) • The recent price recovery looks weak and unconvincing • A meaningful bottom (the point where prices stop falling and start rising) hasn't formed yet • New all-time highs are unlikely in 2026

Rastani also discussed the broader financial markets, suggesting that stocks might reach a peak (highest point) in the coming months. He warned investors not to rely too heavily on Bitcoin's four-year halving cycle (a pattern where Bitcoin's supply gets cut in half every four years), as markets can be unpredictable.

For long-term investors, the analyst suggests that if Bitcoin does drop to the $46,000-$59,000 range, it could present an attractive buying opportunity. However, he emphasizes patience, as the recovery might take longer than many expect.

The bottom line: While Bitcoin has shown some strength recently, this expert believes more downside is likely before a sustainable recovery begins. Investors should be prepared for potential drops and consider them as possible buying opportunities rather than reasons to panic.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/rastani-further-bitcoin-downside-60k-key-level?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound