The Economic Times

BTC on the Brink: Analysts warn Bitcoin could slide below $60,000 heres the key signal

Bitcoin price has fallen nearly 9% from $72,000 in just days. It now trades near $66,900. This sharp move has triggered fresh fears. Is Bitcoin price heading below $60K? Technical charts suggest rising downside risk. A head and shoulders breakdown signals a bearish trend. The projected target sits near $59,400. That is below the key psychological level. On-chain data shows heavy resistance above current price. Weak whale activity adds more pressure. Short-term bounce signals exist but remain limited. If Bitcoin price breaks $66,600 support, selling could accelerate. Market sentiment stays cautious as volatility rises across crypto markets.