Bitcoin market analyst PlanB predicted that there is a more than 50% probability that the price of Bitcoin (BTC) will drop below the $61,000 mark.

PlanB stated on his X (formerly Twitter) account, "In the current market, there is a tight clash between the opinion that the $60,000 level recorded in February this year was the bottom and the opinion that the bear market will continue."

He continued, warning, "Personally, I judge that the data is not yet showing a bottom formation signal," and "I see a more than 50% probability that BTC will drop below $61,000 or $53,000."