{"id":129610,"date":"2026-01-24T11:30:03","date_gmt":"2026-01-24T11:30:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=129610"},"modified":"2026-01-24T11:30:03","modified_gmt":"2026-01-24T11:30:03","slug":"bitcoin-price-still-has-room-to-fall-below-60k-crypto-ceo","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=129610","title":{"rendered":"Bitcoin Price Still Has Room To Fall Below $60K \u2014 Crypto CEO"},"content":{"rendered":"

The Bitcoin price had a relatively rough trading period over the past week, as it hovered around the psychological $90,000 mark. The flagship cryptocurrency, which looked set for a return to six-figure valuation<\/a> barely over a week ago, now seems to have lost all its bullish momentum.<\/p>\n

Broadly speaking, these recent struggles put to rest questions around the \u201crelief rallies\u201d to the upside, and correlate more with the current bear market structure. However, the latest on-chain evaluation shows that the Bitcoin price woes could worsen from here on out.<\/p>\n

Expert Explains Why $60,000 Is Possible For BTC Price<\/h2>\n

In a recent post on the X platform, Alphractal CEO and founder Joao Wedson said<\/a> that the Bitcoin price could still have room to fall below the $60,000 level. This not-so-optimistic prediction is based on the number of days Bitcoin has traded at prices higher than today.<\/p>\n

According to Wedson, there have been 355 days when the Bitcoin price has traded at levels higher than today. This figure was derived from the \u201cDays Spent at a Profit\u201d metric, which tracks the number of days in Bitcoin\u2019s history where the market price was higher than the current price.<\/p>\n

This indicator measures how much price action \u2014 in the past \u2014 has occurred above the current price level. From a historical standpoint, an increase in the number of \u201cDays Spent at a Profit\u201d tends to occur during bear cycles or extended periods of sideways movement, implying that different investor groups are holding BTC at a price higher than their cost bases<\/a>.<\/p>\n

As Wedson highlighted, the \u201cDays Spent at a Profit\u201d metric reached around 775 days as the Bitcoin price approached a bottom. Going by this historical context, the current level of this indicator (355 days) suggests that the flagship cryptocurrency is still a distance away from extreme levels often associated with bearish market bottoms.<\/p>\n

Ultimately, this deduction means that the price of Bitcoin could still be at risk of an extended decline<\/a> over the next 300 days. According to the Alphractal, this extended period of price decline could see BTC revisit $60,000, potentially triggering significant liquidations among retail investors and institutional players who entered the market post-ETF.<\/p>\n

Bitcoin Price At A Glance<\/h2>\n

As of this writing, the price of BTC stands at around $89,900, reflecting no significant change in the past 24 hours. However, the market leader is currently down by over 5% on the weekly timeframe, while nearly 30% adrift its all-time high of $126,080.<\/p>","protected":false},"excerpt":{"rendered":"

The Bitcoin price had a relatively rough trading period over the past week, as it hovered around the psychological $90,000 mark. The flagship cryptocurrency, which looked set for a return to six-figure valuation barely over a week ago, now seems to have lost all its bullish momentum. Broadly speaking, these recent struggles put to rest […]<\/p>\n","protected":false},"author":0,"featured_media":129611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129610"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129610"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129611"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}