Bitcoin (BTC) has just rebounded past $64,000 and has remained steady. However, recent volatility has led to speculation about Bitcoin's price trajectory, with some analysts warning of a coming decline. Moreover, there is a possibility that the price recovery could extend to $60,000. However, analysts are also optimistic about the long-term prospect of the cryptocurrency.

Will Bitcoin drop to $60,000? According to Michael van de Poppe, a famous cryptocurrency analyst. It is believed that the price of Bitcoin (BTC) has stabilized. However, he expects a slight correction in the $60,000-$61,000 range. He also noted that the Bitcoin price bottom had been reached before the recent FOMC meeting as huge sell-offs typically occur during that period.

And in highlighting the expected decline in the price of Bitcoin. “I expect the correction to continue to $60-61k and then hold steady within that range,” Bob wrote. While other cryptocurrency analysts like Captain Vibeke expect a corresponding rise for Bitcoin. In a recent post on X, when Bitcoin was trading below $60,000. Vibeck noted that a bounce back above $61,000 could lead to an uptrend.

“Bulls need to break above the $61,000 resistance area to confirm the bullish breakout of the wedge,” he wrote.#BTC. #BTC🔥🔥🔥🔥🔥