Analyst: BTC could fall to $54K CME gap if it breaks below $60K

Cryptocurrency analyst Killa has identified $60,000 as a key price level for Bitcoin (BTC). He explained on X that if BTC maintains its quarterly low of $60,037, it could rebound to $68,185. However, if this level is breached, the price could fall to a Chicago Mercantile Exchange (CME) gap at $54,111. Killa noted that in the event of a further decline, the next major support level could be the July 2024 low of $49,302. Killa is a BTC-focused quant trader who previously predicted the bull market top in May 2025 and revealed he had opened a BTC short position at $74,688 in mid-April of this year.