Alphractal CEO: Bitcoin Could Fall Below $60,000 as "Days Spent at a Profit" at 355

Bitcoin struggled over the past week around the $90,000 psychological level, and its upside momentum faded. According to a recent post on X by Alphractal CEO Joao Wedson, the "Days Spent at a Profit" reading near 355 implies room for further downside, potentially below $60,000. As of writing, BTC is about $89,900, down over 5% on the week and nearly 30% from the $126,080 all-time high.