Analyst warns BTC may face further downside amid weak upward momentum

Aksel Kibar, an analyst formerly with National Bank of Abu Dhabi, warned Bitcoin could see further losses as its recent rebound appears to be losing momentum, according to Finbold. Kibar said BTC could reenter a liquidity-heavy zone with downside open to $60,000 unless Bitcoin reclaims support at $82,800 and shows strong upside momentum. Kibar added the recent move looks weaker in momentum than past bullish breakout candles. According to CoinMarketCap, BTC was trading at $82,370, down 1.7%, at the time of writing.