[Analyst: Bitcoin at Key Technical Level, May Drop Another 30%] Odaily Planet Daily reports that Miller Tabak strategist Matt Maley and 22V Research technical strategist John Roque believe Bitcoin is at a critical technical level. Matt Maley stated that if Bitcoin falls further from its current level of around $60,000, it could exacerbate negative investor sentiment. While Wall Street firms continue to invest in digital assets, the retail investors who previously drove cryptocurrency rallies have shifted their focus to high-growth AI and tech stocks. Recently, Bitcoin ETFs have seen significant outflows, indicating waning investor enthusiasm. Cryptocurrencies are also showing signs of decoupling from the stock market. John Roque noted that Bitcoin is retesting its first downside target of $60,000, and if it breaks below this level, it could drop to $40,000. Matt Maley added that Congress may pass a crypto regulatory framework with clearer rules, which could reduce uncertainty and encourage institutional participation in the long term. Additionally, Bitcoin ETFs recently experienced their largest monthly outflows since 2024. (CNBC)