Matt Maley And John Roque Say Bitcoin Is Testing Key Technical Levels Near $60,000

Bitcoin is approaching key technical levels, according to Miller Tabak strategist Matt Maley and 22V Research technical strategist John Roque. According to Odaily, Maley said that if Bitcoin falls further from around $60,000, it could worsen negative investor sentiment. He added that while Wall Street firms continue investing in digital assets, retail investors—previously a major driver of crypto gains—have shifted attention to high-growth AI and technology stocks. Maley also cited notable recent outflows from Bitcoin ETFs as a sign of weakening investor enthusiasm, and said cryptocurrencies have shown signs of decoupling from the stock market. Roque said Bitcoin is retesting its first downside target of $60,000, and that a break below that level would imply a decline to $40,000. Maley added that Congress may pass a crypto market structure bill with clearer rules, which he said would reduce uncertainty over the long term and encourage institutional participation. He also said Bitcoin ETFs recently recorded their largest monthly outflow since 2024.