Analysts warn of further BTC drop as retail interest wanes

Bitcoin could see an additional 30% drop if it breaks below the key technical support level of $60,000, CNBC reported, citing multiple analysts. Matt Maley, chief analyst at U.S. asset management firm Miller Tabak, said a further drop from $60,000 could amplify negative sentiment. He noted that while Wall Street institutions continue to invest in crypto, retail investors who previously drove price rallies have shifted their focus to AI and tech stocks. John Roque, an analyst at 22V Research, noted that if BTC breaks below $60,000 again, it could fall as low as $40,000. However, Roque suggested that the passage of the CLARITY Act by the U.S. Congress could resolve long-term uncertainty and encourage renewed institutional participation.