Analyst Roman predicts Bitcoin could fall 20% to $76,000 soon

A crypto analyst, Roman, has issued a warning that Bitcoin may experience a significant decline, predicting a potential drop to $76,000, a 20% decrease from current levels.

Key Insights:

Roman highlights Bitcoin's bearish market structure and suggests the absence of a sustainable price bottom.
The analysis is based on daily timeframes, showing weak bullish momentum following a correction.
Current trading patterns indicate continued seller dominance with BTC trading above $90,000 but below previous resistance at $96,000.
A projected decline may begin with a fall to mid $80,000s, potentially sliding further between $78,500 and $75,000.
Low trading volume during Bitcoin’s rebound is noted as holiday-driven and typical of bear markets.

Supporting Signals:

Indicators like MACD and RSI are extremely oversold after a 40% drop from all-time highs, indicating no strong buying pressure during consolidation.
A genuine bullish reversal would require increased volume and higher highs, which are currently absent.
The longer-term trend remains bearish, with lower highs forming within a declining range.

Roman advises treating any upward movements as corrective rather than the start of a new bull run until clear reversal signals appear.