Analysis: BTC could fall to $60K based on technical indicators

Technical indicators suggest a high probability of further decline for BTC. Cointelegraph reported that a classic bearish head and shoulders pattern has been identified on BTC's weekly chart. Following a break below the $82,000 support level, the medium-term price target is set at $60,000. Cryptocurrency analyst Bitcoinhabebe echoed this sentiment, explaining that a drop to the $60,000 target seems evident due to various macroeconomic headwinds.