Analyst Calls Local Bitcoin Top, Reveals Why The Price Is Headed Below $60,000
Crypto analyst Kaz has called the local Bitcoin top, stating that the leading crypto has little room to the upside. The analyst also explained why BTC is now likely to drop below the psychological $60,000 level, which would mark a new low for the crypto asset. Bitcoin Top About To Form As Price Eyes Drop Below $60,000 In an X post, Kaz said Bitcoin is very close to a local top, despite market participants predicting a sustained rally to $90,000. He noted that the last local top formed around $97,000, when people were calling for a rally to $108,000, but it did not happen. Instead, BTC was rejected from the daily Fair Value Gap (FVG) and recorded a massive decline. Kaz stated that the same price action is playing out again, with Bitcoin very close to the local top and a daily FVG in place. The analyst predicted that BTC might be rejected from the daily FVG and form a local top between $80,000 and $82,000. He also mentioned that the final range wont dump in an instant but would rather be a slow bleed. The analyst further pointed to the first week of May as when the Bitcoin top could form. Commenting on