BEARISH 📉 : Analyst warns Bitcoin could bottom below $30,000 before recovery starts
Analyst maps two Bitcoin downside targets: $52k or sub-$30k
A top crypto analyst warns Bitcoin may not be at cycle low. History signals one more leg down as a chart shared on X points to a possible bottom below $30k.
Past cycles guide the call. Drawdowns hit 83.90% after 2017 and 77.91% after 2021. The analyst uses this template for the current market structure.
In this cycle, price ran above $120,000 in 2025 before sliding into the low $60k range. A similar ~78.92% drop would place a potential low below $30,000.
He adds a structural cue. Bitcoin often travels in a rising channel, with bear lows near the lower band. That keeps a deeper leg down on the table.
Institutions could change the math. ETFs, funds, and treasuries drive fresh demand, with $824m net inflows signaling participation. The analyst expects a milder 50%–60% drawdown, favoring a ~$52k low over a sub-$30k collapse.
Timing view stays firm. He sees a new bull phase beginning as soon as October, per the same framework discussed here.
- Historical path points under $30k if the pattern repeats
- Adjusted view targets ~$52k with institutional support tempering volatility
