Analyst: A Bitcoin drop to $60K cannot be ruled out

Georgy Verbistky, founder of the crypto investment platform TYMIO, stated that Bitcoin is likely to move sideways or undergo a correction in the short term. According to DL News, he said a further decline to $70,000 or $60,000 cannot be ruled out. Verbistky emphasized that in the current situation, it is far more important to remain patient and practice systematic risk management than to chase short-term rallies.