Bitcoin Could Still Drop Below $60K, Warns Crypto CEO as Market Faces Pressure

Bitcoin’s recent price action may not mark the end of its correction phase.
According to a prominent crypto industry CEO, Bitcoin still has room to fall below the $60,000 level, despite recent attempts to stabilize above key support zones.

The warning comes as broader market uncertainty, macroeconomic headwinds, and cautious investor sentiment continue to weigh on digital assets.

Why Bitcoin’s Downside Risk Isn’t Over Yet

The CEO pointed to a combination of technical signals and market structure weaknesses suggesting that Bitcoin could revisit lower price levels before finding a sustainable bottom.

Key concerns include:

• Weak follow-through from recent bullish rallies
• Declining spot market demand
• Persistent selling pressure from short-term holders
• Liquidity gaps below the $60,000 region

“Bitcoin hasn’t fully flushed excess leverage from the system,” the executive explained, adding that deeper pullbacks are common during prolonged consolidation phases.

Technical Levels Traders Are Watching

Analysts note that the $60,000 level remains a critical psychological and technical zone.
A clean breakdown below it could open the door to further downside, potentially toward mid-$50,000 ranges where stronger historical demand has previously emerged.

However, longer-term support zones remain intact, keeping the broader bull market thesis alive despite near-term volatility.

“Corrections don’t negate long-term trends,” said a market strategist. “They reset them.”

Macro Factors Adding Pressure

Bitcoin’s price action is also being influenced by external forces, including:

• High interest rates and tighter financial conditions
• Strength in the U.S. dollar
• Reduced risk appetite across global markets
• Uncertainty around monetary policy timelines

These macro pressures have slowed capital inflows into crypto, particularly from risk-sensitive institutional investors.

Long-Term Outlook Still Intact

Despite the bearish short-term view, the CEO emphasized that Bitcoin’s long-term fundamentals remain strong.

Factors supporting the broader outlook include:

• Growing institutional adoption
• Expansion of Bitcoin ETFs
• Limited supply dynamics following halvings
• Increased use of Bitcoin as a macro hedge

Short-term volatility, he noted, is part of Bitcoin’s maturation process as it integrates deeper into global financial systems.

Investor Sentiment: Caution, Not Panic

Market sentiment remains cautious rather than fearful.
On-chain data shows many long-term holders continuing to accumulate, even as traders reduce exposure and manage risk.

This divergence suggests that while near-term price action may remain unstable, confidence in Bitcoin’s long-term value proposition persists.

Outlook: Volatility Before Clarity

Bitcoin’s next major move will likely depend on liquidity conditions, macro signals, and investor confidence.
A dip below $60,000 could occur — but many analysts see such a move as a potential reset rather than a breakdown.

As one trader put it: “Bitcoin doesn’t move in straight lines — it moves in cycles.”

For now, the market appears braced for volatility as it searches for a clearer direction.