Trading expert sets date when Bitcoin will crash to $60,000

As Bitcoin (BTC) sets its sights on reclaiming the $100,000 mark, a trading expert has warned that the cryptocurrency is likely to face further correction later in the year and could potentially crash to $60,000. In this context, a TradingView analysis shared on January 16 by TradingShot was based on a long-term cycle model that combines halving timelines, moving averages, and Fibonacci time extensions. The analysis suggested that Bitcoin is approaching a key technical test at the daily 200-day moving average (MA), a level that has historically triggered the second phase of bear cycles. Past behavior indicates that such rejections often lead to extended downside pressure rather than short-lived pullbacks, signaling a shift from a distribution phase into a deeper retracement source: https://finbold.com/trading-expert-sets-date-when-bitcoin-will-crash-to-60000/