Bitcoin Could Slide To $60,000, Technical Analyst Warns

Bitcoin’s (CRYPTO: BTC) could be headed for a potential downturn, according to a technical analyst citing on-chain data and expert analysis.

What Happened: In a post on X on Dec. 26, Ali Martinez highlighted predictions from renowned analysts about a possible correction to $60,000. Here are the key perspectives:

• Tone Vays: The former Wall Street quant suggests Bitcoin trading below $95,000 raises the probability of a pullback to $73,000, calling it “very, very bad.”
• Peter Brandt: The veteran trader sees a breakdown of Bitcoin’s “broadening triangle” pattern, potentially leading to a retracement toward $70,000.

Full story available on Benzinga.com