Several analysts are still of the opinion that Bitcoin’s price will drop to $50,000 or even lower before it is able mount any sort of recovery.
BitcoinBTCIvan Liljeqvist is a trader, author and journalist. posted Bitcoin still hasn’t reached X as of Tuesday “the big flush.”
“I don’t think we’ve had it yet, I don’t think $60,000 was the bottom,” ?? “Trend is still down.”
Liljeqvist noted that Bitcoin only experienced a few small bounces. “are tiny” The strength of the bull market is measured by its price movement and not just in terms of past prices. “just not here right now.”
The analyst Merlijn Enkelaar said Bitcoin’s second bear-market phase was just about to begin after its accumulation. “manipulation phase” Bitcoin may drop below $50,000 in the next three years “distribution phase.”
Nick Ruck of LVRG Research told Cointelegraph Bitcoin’s fall to $50,000 is seen as a significant event. “the last significant accumulation zone before any sustained recovery and would represent a healthy cycle reset amid macro pressures and weak capital rotation.”
“This could potentially set up for stronger bullish momentum once the flush concludes, but the institutionalization of crypto markets places consistent buying pressure at current levels.”
Bitcoin still looks “super bearish” High time frame said The Analyst “symbiote” On Monday, “I am waiting for a final huge dump to one of my targets: $59K or $50K. Either way, [the] last dump is coming,” He also added.
The Analyst “Jelle” identified A bearish chart pattern was a flag with a downward slant. “still in play” The bear flag is a signal that indicates further price declines. The bear flag signals a further decline in prices.
Even though today’s market is largely positive, analysts still remain bearish. Bitcoin rally Just below $75,000, on the renewed hope of a US-Iran deal to end a conflict which has suppressed markets worldwide for weeks.
Bitcoins might not reach “idealized 60% drawdown”
Ruck stated that Bitcoin has already dropped around 40% since its previous high. significant institutional participationPrevious cycles drove by retail speculation had seen diminishing drawsdowns.
Related: Bitcoin nears $75K as Iran deal hopes spark $400M short squeeze
The bear market declined by 82% after the peak of 2017 and fell 77% following the all-time highest price in 2021.
“There is a chance this cycle might not reach an idealized 60% drawdown due to its distinctively macro-structured market environment,” “He said”
Fidelity Digital Assets stated earlier this month that the downside risk had been reduced. less dramatic in 2026 Comparing the current cycle to those of previous cycles.
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Source: cointelegraph.com
