Geopolitical tensions and uncertainty continue to rise as the deadline given to Iran by US President Donald Trump approaches.
This is having a negative impact on Bitcoin. $BTC In the past few hours, the price has fallen below $68,000 again.
As Bitcoin ($BTC) continues to experience volatile price fluctuations, with Joanne Wesson, CEO of analytics platform Alphactal, warning investors of further declines.
Wesson, who shared the latest Bitcoin analysis from Account
Wesson noted that according to market sentiment indicators: $BTC There could be another drop before it recovers.
At this point, Wesson looked at Bitcoin’s 720-day Tactical Bull Bear Sentiment Index (TBBI). This is a long-term indicator that tracks multi-year cycles of fear and greed.
He added that the TBBI index has fallen below 20 and entered oversold territory.
According to the analyst, a decline in the region’s TBBI index historically signals a stage where Bitcoin may experience a final decline before beginning a strong recovery.
This stage is seen as where the trend tends to end, rather than as where the trend begins to break down.
At this point, analysts said that the risk of a decline in Bitcoin from this point on would still exist, but would be more limited.
Based on historical index data, it appears that a sudden drop of around $15,000 could occur and cause a final wave of panic for Bitcoin and the market as a whole. This represents a decline of about 20% from current levels to about $54,000.
Finally, the analyst said that the fear and apathy towards Bitcoin may end in the past five months, and for long-term veteran investors, this could be a five-month accumulation period.
This is the chart the bears don’t want you to see.
720 days of TBBI is not noise. Capture multi-year sentiment cycles and reveal the true structural position of the market beyond short-term volatility.
Currently, it is in extreme bearish territory.
Historically… pic.twitter.com/xD8JWNXG2U
— Joanne Wedson (@joao_wedson) April 7, 2026
*This is not investment advice.
