Several high-profile Bitcoin analysts are predicting a sharp decline in BTC price in the short term, with some speculating it could drop to $60,000 in the coming months. Bitcoin's momentum has stalled recently, raising concerns about the achievability of its $110,000 goal by New Year's Eve. Analysts also noted the lack of support at different price points and the existing supply shock as factors that could cause a further drop in BTC price. However, despite these predictions, major asset managers remain bullish on Bitcoin's long-term prospects, with some forecasting prices as high as $740,000 by 2028.



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