Bitcoin started the week positively, reaching above $63,000 before expectations of further gains faltered, leading to another market crash.
**BTC Price Update**
Bitcoin’s price dropped below $60,000 once more, prompting a cryptocurrency analyst to warn of potential further declines.
DonAlt, an analyst, highlighted concerns on X, noting that without reclaiming a critical support level, Bitcoin’s downtrend could persist. 
After recent fluctuations, Bitcoin briefly fell to $59,700, rebounded to $59,900, and saw trading volumes surge to $1.18 trillion, with a notable $29 billion increase.
**Analysts’ Insights on Bitcoin**
Flow Horse, a notable analyst on X, suggested a scenario where Bitcoin could potentially dip towards $40,000, urging caution in assessing the situation.
Benjamin Cowen, a respected market analyst, released a video speculating that Bitcoin might face further downside, correlating with historical trends in the US10Y yield ratio.
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**Disclaimer:** This article does not constitute investment advice. Cryptocurrencies are highly volatile and carry risks. Investors should conduct thorough research before making decisions.
