Analyst Predicts Bitcoin Price Could Crash 60% to $50,000

Crypto analyst Captain Faibik predicts a potential Bitcoin crash to $50,000, indicating a 60% decrease. He believes the bull run is over and late buyers are trapped.

Key Points

  • The Bitcoin price may fall from its current level due to weakening structure and fading momentum.
  • Current trading is within a rising wedge, above the weekly MA50, but support might not hold.
  • A correction towards the $100,000 level remains possible.
  • Rising US-China trade tensions, including a possible 155% tariff by Trump, contribute to recent BTC declines.

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Crypto analyst Titan of Crypto suggests that Bitcoin may be reaching a cycle top, as indicated by a BTC monthly LMACD cross, which historically marks the beginning of a bear phase or a major cycle top. Confirmation awaits the close of the monthly candle.

Alternate Viewpoints

  • CrediBULL Crypto claims the cycle top isn't reached yet, predicting Bitcoin will hit $150,000 before it ends.
  • He argues Bitcoin is in subwave 2 of the final 5th wave and expects a bottom between the current level and $74,000.
  • Subsequent waves could push Bitcoin's price to a minimum of $150,000 by the cycle's end.

As of now, Bitcoin trades around $107,600, down over 3% in the last 24 hours according to CoinMarketCap.

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