{"id":51130,"date":"2026-07-30T11:55:05","date_gmt":"2026-07-30T11:55:05","guid":{"rendered":"https:\/\/cryptd.in\/dont-fear-a-drop-to-60k-analyst-sees-that-as-a-healthy-reset-for-btc\/"},"modified":"2026-07-30T11:55:05","modified_gmt":"2026-07-30T11:55:05","slug":"dont-fear-a-drop-to-60k-analyst-sees-that-as-a-healthy-reset-for-btc","status":"publish","type":"post","link":"https:\/\/cryptd.in\/id\/dont-fear-a-drop-to-60k-analyst-sees-that-as-a-healthy-reset-for-btc\/","title":{"rendered":"\u2018Don\u2019t Fear a Drop to $60K:\u2019 Analyst Sees That as a Healthy Reset for BTC"},"content":{"rendered":"

The leading cryptocurrency experienced enhanced volatility over the past week, eventually stabilizing at around $64,500 (per CoinGecko\u2019s data).<\/p>\n

Given the ongoing bear market, though, the price may soon head south again, but one popular analyst claimed that a dip to around $60K should actually be welcomed as good news.<\/p>\n

Exactly What BTC Needs?<\/h2>\n

The renowned analyst Ali Martinez argued<\/a> that a drop by nearly five grand would complete a classic inverse head-and-shoulders pattern that could set the stage for a serious pump. The setup consists of three dips \u2013 a low (left shoulder), a deeper plunge (head), and another low (right shoulder) and signals that sellers are running out of steam.<\/p>\n

According to Martinez, the completion of the pattern combined with a confirmed breakout above $66,500 could open the door to a pump to a two-month high of around $74,000.<\/p>\n

The analyst has been quite focused on BTC lately, revealing<\/a> that whales have purchased roughly 29,000 units (worth more than $1.8 billion at current rates) over the past week. Accumulation from this cohort of investors is considered a bullish sign as it suggests that they are preparing for a potential upward move. Their actions could encourage smaller players to hop on the bandwagon, too, thus distributing fresh capital into the ecosystem.<\/p>\n

Another comment from Martinez was his recent prediction about when BTC will reach its bottom. If the 4-year cycle theory holds, he expects<\/a> that to happen between October 6 and October 16. This is a common thesis among analysts, as many believe<\/a> the cryptocurrency could nosedive to multi-year lows before entering a new bull run. Others, like Joao Wedson, anticipate<\/a> that the pivotal moment when bulls would finally regain control is the midterm elections in the US scheduled for early November.<\/p>\n

An Additional Bullish Forecast<\/h2>\n

Vivek Sen \u2013 an X user with almost 300,000 followers \u2013 presented<\/a> another optimistic scenario for BTC, based on the formation of a cup-and-handle breakout.<\/p>\n

The pattern represents a big rounded dip (the cup), followed by a smaller pullback (the handle) and typically shows that the asset has built up strength and is perhaps gearing up for a rally.\u00a0 According to the analyst, this formation could be a precursor to a giant increase, setting $220,000 as the minimum target.<\/p>\n

\n

\u201cMost people will only find out after it happens,\u201d he added.<\/p>\n<\/blockquote>\n

Pos \u2018Don\u2019t Fear a Drop to $60K:\u2019 Analyst Sees That as a Healthy Reset for BTC<\/a> muncul pertama kali di CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The leading cryptocurrency experienced enhanced volatility over the past week, eventually stabilizing at around $64,500 (per CoinGecko\u2019s data). Given the ongoing bear market, though, the price may soon head south again, but one popular analyst claimed that a dip to around $60K should actually be welcomed as good news. Exactly What BTC Needs? The renowned […]<\/p>\n","protected":false},"author":1,"featured_media":51132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\u2018Don\u2019t Fear a Drop to $60K:\u2019 Analyst Sees That as a Healthy Reset for BTC - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/id\/dont-fear-a-drop-to-60k-analyst-sees-that-as-a-healthy-reset-for-btc\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Don\u2019t Fear a Drop to $60K:\u2019 Analyst Sees That as a Healthy Reset for BTC - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The leading cryptocurrency experienced enhanced volatility over the past week, eventually stabilizing at around $64,500 (per CoinGecko\u2019s data). 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