Bitcoin’s price action has been shaky, with traders and analysts increasingly debating whether the world’s largest cryptocurrency is gearing for a fresh downward leg. After plunging from above $90,000 to re-test $60,000 support in early February, BTC has been stuck inside a choppy range — signaling a potential big move on the horizon.

[embed]https://twitter.com/CryptoMichNL/status/2024190679694323730[/embed]
<h2>What’s Driving Bitcoin’s Near-Term Weakness?</h2>
Bitcoin has been trading sideways under $70,000 for days, showing lower volatility than investors expected. Analysts like Michaël van de Poppe point out that this low-volatility pattern usually precedes a sharp breakout — either up or down.

Adding to the cautious tone:
<ul>
 	<li style="font-weight: 400">BTC recently flirted with support around the $67K zone, a key pivot for short-term traders.</li>
 	<li style="font-weight: 400">According to on-chain data firms like Glassnode, a break below those levels could open the door to deeper selling pressure, potentially down to $55,000 or lower.</li>
 	<li style="font-weight: 400">If BTC slumps below $60,000, automated liquidations and risk-off trading could accelerate volatility.</li>
</ul>
[embed]https://twitter.com/MerlijnTrader/status/2024061336746094762[/embed]
<h2>Are Analysts Bullish or Bearish?</h2>
Here’s how experts frame the current landscape:

Bearish Signals:
<ul>
 	<li style="font-weight: 400">Defensive price structure suggests BTC could slide toward $60K or even $54K if major support breaks.</li>
 	<li style="font-weight: 400">Large options bet clusters and liquidation thresholds sit close to critical levels, meaning a breach could trigger forced selling.</li>
</ul>
Bullish Counterpoints:
<ul>
 	<li style="font-weight: 400">Some traders are eyeing the dips as buy zones, betting long-term holders and institutional players could absorb the weakness and spark a rebound.</li>
</ul>
[embed]https://twitter.com/DrProfitCrypto/status/2024202927293026705[/embed]
<h2>Market Context: Broader Cryptos and Macro Forces</h2>
The BTC price struggle isn’t happening in isolation:

Fear &amp; Greed Index has plunged into “Extreme Fear,” often seen before volatile swings.
Crypto marketcap volatility is rising amid broad risk-off sentiment in equities and macro markets.
Traditional assets like tech stocks and gold have shown mixed signals, pressuring risk assets like Bitcoin.
<h2>Key Levels Traders Are Watching</h2>
Key Levels Traders Are Watching
<table>
<tbody>
<tr>
<td>Price Level</td>
<td>Significance</td>
</tr>
<tr>
<td>$60,000</td>
<td>Critical support / liquidation trigger</td>
</tr>
<tr>
<td>$67,000–$69,000</td>
<td>Pivot zone for trend direction</td>
</tr>
<tr>
<td>$73,000–$80,000</td>
<td>Breakout range — bullish signal</td>
</tr>
<tr>
<td>Below $55,000</td>
<td>Deep downside risk if support fails</td>
</tr>
</tbody>
</table>
&nbsp;

Bitcoin Price Alert: Could BTC Slide Below $60K Next?

Bitcoin teeters near key support as analysts warn of a potential drop below $60,000 amid weak volatility and macro pressure.

Bitcoin Price Alert: Could BTC Slide Below $60K Next?

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