"Bitcoin (BTC) could fall further to $60,000"

JH Kim

Summary

Bitcoin (BTC) is likely to trade sideways or undergo additional correction in the short term.
Some have projected that Bitcoin could fall to $70,000 or $60,000.
It emphasized that risk management and a conservative approach are important until market direction is confirmed.

Bitcoin (BTC) may trade sideways or undergo additional correction in the short term. Some argue that a drop to $70,000 or $60,000 cannot be ruled out.

On the 17th (local time), according to virtual asset (cryptocurrency) specialized media DL News, Georgi Berbitski, founder of virtual asset investment platform TYMIO, said that Bitcoin's price is likely to trade sideways or correct in the short term. He said that a further drop to $70,000 or $60,000 could not be ruled out.

Berbitski emphasized that at this time risk management is more important than chasing short-term upward trends. He said a conservative approach is necessary until the market confirms its direction.

He also mentioned that systematic risk management and patient responses are required. He warned against aggressively increasing positions in periods where short-term volatility may expand.