Bitcoin Bears Target $50K as Analysts Wait for Final Drop

These views persist even as Bitcoin briefly climbed to just below $75,000 on Tuesday, l

Bitcoin News

Several crypto analysts are maintaining that Bitcoin has not yet hit its cycle bottom and that a flush down to $50,000 remains possible before any sustained recovery takes shape.

Trader and author Ivan Liljeqvist

on X Tuesday that Bitcoin has yet to experience "the big flush." He said the $60,000 level was not the bottom, that the trend remains down, and that the bounces seen so far are small relative to broader price movement. The strength seen during past bull markets, he added, "is just not here right now."

Analyst Merlijn Enkelaar

that Bitcoin may be entering a second bear market phase following accumulation, and that a "manipulation phase" could push the price down to $50,000 before a subsequent distribution phase begins. A separate analyst using the handle "symbiote"

Bitcoin as "super bearish" on high time frames and said a "final huge dump" to either $59,000 or $50,000 is still ahead.

Analyst "Jelle" identified a bearish flag chart pattern still active as of Monday, a formation that typically signals further price declines. These views persist even as Bitcoin briefly