Analyst: Bitcoin at key technical indicator level, could fall another 30%

CoinFeed June 29 news, according to CNBC, Miller Tabak strategist Matt Maley and 22V Research technical strategist John Roque believe Bitcoin is at a key technical indicator level. Maley said that if Bitcoin falls further from the current level of around $60,000, it could exacerbate negative investor sentiment. Although Wall Street firms continue to invest in digital assets, retail investors who previously drove the cryptocurrency rally have shifted their attention to AI and tech stocks. Recently, Bitcoin ETFs have seen significant capital outflows, and the crypto market has shown signs of decoupling from stocks. Roque said that Bitcoin is retesting the $60,000 level as the first downside target, and if it breaks below that level, it could fall further to $40,000.