Bitcoin’s Crash Isn’t Over Yet? Analysts See More Downside Toward $60K

10 days ago, BTC traded at $81,000. On Friday morning, the cryptocurrency crashed below $68,000 for the first time in nearly three months. On Saturday, it tanked further to under $67,000. CryptoPotato reached out to two market experts to try to get a perspective on the current conditions and whether they anticipate an immediate bounce or more pain on the horizon. Why $68K Is So Important Martin Lee, Market Insights Lead at DWF Labs, highlighted bitcoin’s 50-week moving average near $75,000, which the asset is on track to close beneath only eight weeks after reclaiming it. Historically, moves back above that trend line have often preceded sustained rallies, while losing it has opened the door for further downside.

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