Trader Says Bitcoin Could Drop Below $60K Before Bottom

In a recent Cointelegraph interview, professional trader Alessio Rastani warned that Bitcoin (BTC) may not have reached its bottom and could slip below $60,000 before a reliable low forms. Revisiting his previous outlook, Rastani said the structure of the recent recovery does not convincingly indicate a sustained uptrend.

He argued the odds still favor another downside move, although any decline might run into meaningful support rather than being open-ended. Rastani pointed to potential major support zones roughly between $59,000 and $46,000, areas where longer-term buyers could step in if price action confirms those levels.

Rastani also expressed skepticism that Bitcoin will reach new all-time highs in 2026, forecasting a slower recovery path instead. He broadened the conversation to macro markets, warning that stocks could be forming a top in the coming months.

Finally, Rastani cautioned against overreliance on rigid frameworks such as the four-year halving cycle, noting that fixed cycles can mislead investors when market conditions are unpredictable.

For a more detailed look at his analysis and the exact levels he’s monitoring, watch the full interview on our channel. This interview has been edited and condensed for clarity.