Bitcoin Analysts Warn of 'Next Leg Down' as Technical Patterns Signal Crash Denouement

Bitcoin continues to face intense selling pressure as it hovers near the critical $60,000 psychological support level. Recent technical chart analysis has introduced warnings of a "next leg down," suggesting the current decline is entering the final phase of its crash cycle. This new outlook expands the narrative beyond immediate liquidation risks, pointing toward a more structural cyclical correction. Analysts believe these patterns signal a nearing denouement for the current downward trend, which could further depress prices for BTC/USD and related assets like COIN and MARA. The potential for cascading liquidations remains a significant threat to leveraged positions if support levels fail to hold. Market participants are now focused on whether this final stage of the cycle will provide a definitive floor or trigger broader market instability.