A cryptocurrency analyst shared his latest news. Bitcoin price predictionHighlights a potential recession. His analysis analyzes technical indicators and macroeconomic data to predict key movements in the coming months and years. The report explained: Multiple bearish targets In the case of Bitcoin, he cautioned traders against overly bullish expectations, especially as the market is showing signs of entering a bearish phase.
Bitcoin price expected to fall below $55,000
A cryptocurrency analyst who calls himself ‘Mr.’ In ‘X’s Wall Street’ released Complete technical analysis of Bitcoin, predicting a massive drop to new lows while providing both market and psychological insights. He emphasized that the BTC bullish momentum seen earlier this year has collapsed. Turn into a bear market.
The key technical indicators used to understand Bitcoin’s market position and direction are signaling the beginning of a bearish phase. Experts recommend the weekly 50-period exponential moving average (EMA50), moving average convergence divergence (MACD) monthly crossover, Relative Strength Index (RSI) downward divergence Now they are all facing downwards.
Given these weaknesses, Wall Street predicted that Bitcoin could first retest. Weekly EMA50 The target is near $100,000 until the next drop. The analyst said traders are likely to make plans. short position It is targeting a range of $104,000 to $98,000 with a possible decline to $74,000 to $68,000. Looking ahead, he predicts that the price of Bitcoin could fall further by the fourth quarter of 2026, potentially falling to levels between $54,000 and $60,000.
Supporting his bearish forecast, the analyst cited declines and pressures in financial markets outside of cryptocurrencies as contributing factors to the broader market downturn. He also noted: Bank of Japan (BOJ) plans to increase interest rates Adding to the current stress with market makers going bankrupt during the crisis. October 10 Flash Crash Billions of dollars in physical assets waiting to be liquidated.
Wall Street dismissed the following common bullish claims: Resumption of quantitative easingExplain that running a small Federal Reserve (FED) balance sheet does not mean a full QE cycle. He emphasized that macro strength does not justify ignoring short- and medium-term risks. Moreover, he warned that those who ignore the reality of the downturn will wish they had sold the retested $100,000-$125,000 range a year from now.
Looking beyond what is expected bear cycleMr. Wall Street believes Bitcoin could eventually rebound to around $89,000 in 2027. Accordingly, he expects the cryptocurrency to accelerate to $110,000 and ultimately $160,000.
Macroeconomic factors contribute to market decline
Mr. Wall Street also ties his bearish Bitcoin forecast to the present. vulnerabilities in the broader macroeconomic situation;. He emphasized that BTC’s struggles are deeply related to the decisions of central banks, especially the FED.
According to analysts, american economy He began showing signs of deterioration in early 2025. He claimed key indicators, including worsening employment data and misleading inflation figures, had been ignored. Moreover, he said that the FED’s inaction and delayed interest rate cut Preventing much-needed economic relief has left markets and cryptocurrencies like Bitcoin vulnerable to corrections.
Featured image from Pixabay, chart from Tradingview.com
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