BEARISH 📉 : Analyst predicts Bitcoin falls to $48k in September, risks $40k
Analyst flags a “double breakdown.” Bitcoin may slide toward $48k, with risk to $40k–$30k.
May’s rebound faded fast. Price reversed as June began, reviving bearish calls. Source.
Crypto analyst Xanrox says the drop was expected. He calls this “one of the most brutal bear markets” in years. TradingView post.
Two key channels broke. A descending channel snapped below $71,000. An ascending channel failed around the same time. Together, it’s a double breakdown. Channel context Why double breakdowns matter.
Xanrox expects lower lows. $60,000 support may not hold. He maps $48,000 as next target, with a possible flush to $40,000–$30,000. Levels and risk.
What to watch:
- Outflows across crypto. Market flow snapshot
- Claims that banks can steer futures and yank price down 20% in a day, triggering retail liquidations. Mechanics
- A potential bull defense at $60,000, the cycle swing low. Battle zone
