NewsBTC
Jan 24, 2026
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Bitcoin May Decline to $60K, Warns Alphractal CEO

The Bitcoin price has seen a challenging trading period, hovering around $90,000. The cryptocurrency, previously showing signs of reaching a six-figure valuation, now appears to have lost its bullish momentum.

  • Recent struggles align with the current bear market structure, possibly worsening Bitcoin's price woes.

Potential for Further Decline

  • Joao Wedson, CEO of Alphractal, suggests Bitcoin might fall below $60,000.
  • This prediction is based on the "Days Spent at a Profit" metric, indicating 355 days where Bitcoin traded higher than the current price.
  • The indicator suggests prolonged sideways movement or potential further decline.
  • The metric historically reached 775 days when nearing market bottoms, implying more decline is possible.
  • An extended decline could lead to significant liquidations, especially among post-ETF investors.

Current Price Overview

  • Bitcoin currently trades at approximately $89,900, unchanged over 24 hours but down over 5% weekly.
  • It remains nearly 30% below its all-time high of $126,080.

Bitcoin price

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