Several cryptocurrency analysts still believe that there will be an eventual outflow that will cause Bitcoin prices to drop to $50,000 before the cryptocurrency is able to make a real recovery.
Bitcoin (BTC) trader and author Ivan Liljeqvist sent to X on Tuesday that Bitcoin doesn’t have a “big flush” yet.
“I don’t think we’re there yet. I don’t think $60,000 is the bottom line,” he added. “The trend is still down.”
Liljeqvist said the few bounces Bitcoin has seen are “minor” compared to the broader price trend, and that the strength seen in previous bull markets is “just not there right now.”
Analyst Merlijn Enkelaar he said that Bitcoin was about to enter its second post-accumulation bear market phase, and the “manipulation phase” could cause Bitcoin to drop to $50,000 before the third “distribution phase.”
Nick Ruck, director of LVRG Research, told Cointelegraph that a fall in Bitcoin to the $50,000 level is seen as “the last significant zone of accumulation before any sustained recovery and would mark a healthy reset of the cycle in the face of macro pressures and weak capital turnover.”
“This could potentially trigger a stronger post-color bull rally, but the institutionalization of cryptocurrency markets is creating continued buying pressure at current levels.”
Bitcoin Continues to Look ‘Super Bearish’ on Upper Timeframe, he said “symbiote” analyst on Monday. “I’m waiting for the final huge drop on one of my goals: $59,000 or $50,000. Either way, [the] the last dump is coming,” he added.
Meanwhile, analyst “Jelle” identified a bearish pattern on the flag chart that was “still present” on Monday. The bear flag is a signal of a continuation of the bear trend, indicating further price declines.
Bearish sentiment persists among high-profile analysts despite Bitcoin’s surge to just below $75,000 today on renewed hopes for a U.S.-Iran deal to end weeks of conflict that has clogged global markets.
Bitcoin may not achieve ‘ideal 60% payout’
Ruck said that while Bitcoin is already down about 40% from its recent all-time high with significant institutional participation, previous cycles fueled by retail speculation have seen declining declines.
Related: Bitcoin is approaching 75 thousand. dollars as the Iran deal hopes to trigger a $400 million short squeeze
There was an 82% decline after the 2017 peak and a 77% decline after the all-time high in 2021.
“There is a risk that the idealized 60% decline will not occur in this cycle due to the characteristic macrostructure of the market environment,” he said.
Earlier this month, Fidelity Digital Assets also said downside risks in 2026 were less dramatic compared to previous cycles.
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