Bitcoin (BTC) Headed for a Brutal Reset? Analyst Warns $60,000 Is Still on the Table

The crypto market has weakened since early October, with Bitcoin (BTC) sliding to about $90,000 from its then-peak of $126,000.

Amidst rising issues, market analyst Mr. Wall Street stated that BTC is gearing up for a vital downturn after a ultimate rebound towards the $100,000 stage. He stated a mixture of deteriorating macroeconomic circumstances, delayed Federal Reserve motion, and bearish technical indicators factors to the begin of a broader bear market for the world’s largest cryptocurrency.

Key Bitcoin Technical Levels Break

In a detailed market breakdown, the analyst explained he had turned bearish on Bitcoin in the brief and medium time period as early as November, whereas arguing that the US financial system started weakening at the begin of 2025, as policymakers failed to reply in time. He stated worsening employment knowledge and falling underlying inflation signaled an pressing want for early rate of interest cuts, however the Fed as a substitute stored coverage tight, citing inflation readings he described as overstated because of tariffs and exterior political elements.

According to Mr. Wall Street, this delay has left the financial system weak, as financial easing takes time to filter by means of markets, thereby making it “too late” for price cuts alone to stop a deeper correction. He stated the solely remaining device able to stabilizing markets could be a large-scale liquidity injection amounting to trillions of {dollars}, quite than restricted, one-off bond purchases.

Until such an intervention happens, he expects asset costs, together with Bitcoin, to proceed falling towards what he considers truthful worth.

From a technical perspective, he stated Bitcoin’s bullish construction has already damaged. He pointed to a weekly shut beneath the 50-week exponential transferring common, a bearish crossover on the month-to-month MACD indicator, and a bearish divergence on the relative power index, which he views as basic indicators marking the begin of a bear cycle.

He additionally spoke about the stress in funding markets, heavy use of US repo services, and declines in main US know-how and synthetic intelligence-linked shares as additional affirmation of tightening monetary circumstances. Additional stress might come from a potential improve in Japanese rates of interest, which might speed up the unwinding of carry trades, in addition to from market-making establishments that failed throughout a earlier crash and should search to liquidate giant spot holdings as soon as costs revisit key technical ranges.

Stark Bitcoin Roadmap Through 2026

Mr. Wall Street rejected arguments that quantitative easing has already begun, and described current Federal Reserve bond purchases as remoted operations quite than a coverage shift. While reiterating a long-term bullish view on Bitcoin as a finite-supply asset that advantages from financial enlargement, he stated this doesn’t justify optimism over the coming quarters.

He expects Bitcoin to first retest the 50-week EMA, at present close to $100,000, earlier than resuming its decline. He positioned brief positions in the $98,000-$104,000 vary and predicted an preliminary transfer right down to $68,000-$74,000, adopted by a deeper drop to $54,000-$60,000 by the fourth quarter of 2026.

An identical sentiment was echoed by one other outstanding crypto analyst, Doctor Profit, who reiterated his earlier stance, and added,

“Bitcoin stays in a robust bear market and we’ve not bottomed out but.”

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