Amid Bitcoin's rise to $60,000, some experts have expressed caution, considering its position to be not too secure. Technical analyst Ali pointed out that the asset is still trading below the 200-day simple moving average (SMA).

"Wait for a sustainable break above the 200 DSMA to confirm the continuation of the upward trend," he advised.

Trader Daan Crypto observed a pattern: recently, Bitcoin has been moving up on weekends but falling again at the start of the week. He linked this dynamic to trading on the CME, after which prices tend to drop.

However, analyst and MN Trading founder Michaël van de Poppe declared the beginning of a "new cycle" in the market.