Crypto Analysts Shared Latest Information Bitcoin price predictionhighlighting a potential recession. His analysis analyzes technical indicators and macroeconomic data to predict key movements in the coming months and years. The summary of the report is some bearish targets Regarding Bitcoin, he cautioned traders to refrain from overly bullish expectations, especially as the market is showing signs of entering a bearish phase.
Bitcoin price set to fall below $55,000
A cryptocurrency analyst who calls himself “Mr.” “Wall Street” X released A complete technical analysis of Bitcoin, providing both market and psychological insights, as well as predicting a catastrophic drop to new lows. He believes that the bullish momentum seen in BTC earlier this year has broken down. Transition to bear market.
Key technical indicators used to understand Bitcoin market position and direction indicate the beginning of a bearish phase. Experts use the weekly 50-period exponential moving average (EMA50), the monthly cross of the moving average convergence divergence (MACD), and Bearish Divergence in the Relative Strength Index (RSI) Now it's all looking down.
Given this weakness, Mr. Wall Street predicted that Bitcoin could be the first to retest. Weekly EMA50 The target is close to $100,000 before the next drop. Analysts said traders probably have plans short position We target a range of $104,000 to $98,000 with a potential decline of $74,000 to $68,000. Looking ahead, he expects Bitcoin prices to plummet further by the fourth quarter of 2026, potentially dropping to levels between $54,000 and $60,000.
Supporting his bearish forecast, the analyst cited declines and pressures in non-crypto financial markets as factors contributing to the overall market downtrend. he also Bank of Japan (BOJ) interest rate hike plan With market makers going bankrupt during this time, the current stress is compounded. Flash Crash on October 10th and is awaiting liquidation of billions of dollars in spot assets.
Mr. Wall Street dismissed common bullish arguments such as potential. Resumption of quantitative easingexplained that the Federal Reserve's small balance sheet operations are not indicative of a complete quantitative easing cycle. He stressed that macro bullishness does not justify ignoring short- and medium-term risks. He also warned that those who ignore the reality of the bear incident will wish they had shorted the $100,000 to $125,000 range, which was retested a year later.
look beyond predictions bear cycleWall Street believes that Bitcoin could eventually recover to around $89,000 in 2027, which would accelerate the cryptocurrency toward $110,000 and eventually $160,000.
Macroeconomic factors contributed to market decline
Wall Street also links bearish predictions for Bitcoin to the current situation. Weaknesses in broader macroeconomic conditions. He emphasized that BTC's struggles are deeply related to the decisions of central banks, especially the FED.
According to analysts, us economy He claimed that key indicators such as deteriorating employment figures and misleading inflation rates were being ignored. Furthermore, he blames the FED for its inaction. delay in interest rate cuts Necessary economic relief has been blocked, leaving markets and cryptocurrencies like Bitcoin vulnerable to corrections.
Featured image from Pixabay, chart from Tradingview.com
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