Renowned Bitcoin market analyst PlanB has projected that the likelihood of Bitcoin falling below $61,000 stands at over 50%. He also highlighted a similarly high probability of a decline to $53,000, signaling that the market could face continued downward pressure in the near term. PlanB, widely recognized for his Stock-to-Flow (S2F) model, often stirs market discussion during critical price junctures. Crypto KOL Ginjiu Pike, known for his technical analysis based on automated trend indicators, sees his signals closely watched by a segment of traders.
Ginjiu Pike stated that his automated trend indicator alert indicates Bitcoin’s 3-day chart has entered a new downtrend, marking the start of another leg lower in the latter half of the bear market, with a bottom target of $42,000 to $44,000. At the same time, 0xPickleCati, who ranks first on the Binance futures all-time profit leaderboard, posted on his personal channel: “Speak of the devil — don’t try to call the bottom in a bear market; a few months from now you may find there is no bottom.” As a regular top performer on Binance futures, 0xPickleCati’s comments carry weight, and these bearish views have intensified short-term pessimistic sentiment.