BEARISH 📉 : Analyst predicts Bitcoin price falls below $60,000, bottom near $55,000

Bitcoin jumps above $75,000 this week. A TradingView analyst warns it may be a B‑wave bounce inside a larger flat correction.

Bitcoin hit a one‑month high above $75,000, per NewsBTC. The move set a fresh local peak.

Analyst TheOnePct says the rally fits a multi‑year corrective structure that started after 2021. He frames the advance as a B‑wave within a Flat, not a new impulse up. Source: TradingView post, context from Bitcoinist.

The price action shows “structural” weakness consistent with a C‑wave in a flat. He flags the C‑wave as terminal, meaning the trend is inherently corrective and prone to reversal. Details: Bitcoinist analysis.

Wave 1 has not bottomed, he adds. A push back into the $70,000s looks temporary. The pattern may be forming a Diametric. Sources: NewsBTC, TradingView.

He maps the market in Wave F now, with more complex sideways action ahead. Then a decline into Wave G. References: Bitcoinist, TradingView.

Targets: below $60,000, with a potential bottom near $55,000. Source: NewsBTC.

“BTC has already shown clear structural weakness,” the analyst writes. “The market may remain in a bearish environment for longer than most expect.” Source: TradingView.

Implication for investors: the recent breakout in Bitcoin may be a corrective rally within a multi‑year flat, with downside risk to the mid‑$50,000s before any durable trend shift.