NewsBTC
Feb 27, 2026
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BEARISH 📉 : Bitcoin may drop to $52,000 as fifth wave extends

Bitcoin's price is approaching $70,000, but concerns arise around the $64,000 level. Crypto analyst Tara suggests that Bitcoin's fifth wave might not be complete, indicating potential further decline.

  • The current movement could be either the start or the end of a fifth wave decline, with a possible drop to $52,000.

Double Bottom Support at $59,900 and $60,500

  • Technical analysis shows significant support between $59,900 and $60,500, based on prior swing lows and double bottom formation.
  • A fall to this range may trigger a bounce to $64,400, which would act as resistance.
  • If the macro fifth wave continues, a final push lower could extend to $52,000.

Bitcoin

  • Bitcoin has held above $60,000 throughout February; $52,000 is a worst-case scenario.
  • The RSI indicator is trending lower towards oversold territory, suggesting traders watch for bullish divergence during the next drop.

Bitcoin Might Register Higher Support At $64,000

  • $64,000 has been a pivotal level for Bitcoin, acting as both support and resistance.
  • Reclaiming this level could reverse the bearish trend, while failure might expose the $60,500 low.
  • At present, Bitcoin trades around $68,220, up 4% in 24 hours, though risks of a pullback remain.
  • Bullish momentum would be confirmed if Bitcoin surpasses $70,000.