Bitcoin market analyst PlanB predicted that there is more than a 50% chance that BTC will fall below $61,000. He stated on X, "In the current market, opinions are sharply divided between those who believe the $60,000 level recorded in February this year was the bottom and those who think the bear market will continue. Personally, I believe the data does not yet show signs of a bottom forming. Furthermore, I see more than a 50% chance of BTC falling below $61,000 or $53,000."