Crypto analysts Kaz and Colin have forecasted a potential decline in Bitcoin's price, suggesting it may fall below the $60,000 mark. Kaz highlighted that Bitcoin is nearing a local top, with a daily Fair Value Gap (FVG) indicating a possible rejection between $80,000 and $82,000. He anticipates a gradual decline, potentially reaching as low as $56,000, with the top forming in early May. Colin echoed similar sentiments, noting Bitcoin's resistance at $81,000 within a yellow channel. He warned that a break below $72,000 would be bearish, with overhead resistance likely causing a local top between $80,000 and $86,000. Colin's analysis suggests a potential drop to $66,000 once the current relief rally concludes. Currently, Bitcoin trades at approximately $75,600, down over 2% in the past 24 hours.
Analysts Predict Bitcoin Price Drop Below $60,000 Amid Local Top Formation
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