Market Pressures and Bearish Predictions
Bitcoin continues to face difficulties due to the tariffs imposed by US President Donald Trump, which have been in effect since the beginning of 2025.
Finally, with US President Donald Trump’s desire to gain control of Greenland and the renewed US-EU trade war, the market is experiencing volatility, and bearish predictions are emerging for Bitcoin.
Technical Analysis and Potential Support Levels
At this point, Keith Alan, co-founder of the crypto market data platform Material Indicators, noted that a death cross has occurred in Bitcoin between the 21-week and 50-week moving averages.
Alan stated that this pattern historically precedes the formation of long-term market bottoms, suggesting a recovery near the 100-week moving average, around $86,000. Accordingly, Alan indicated that further declines in Bitcoin are possible, but he expects a rebound from $86,000.
Veteran Investor's Outlook
Outside of this area, veteran investor Peter Brandt, known for correctly predicting the 2018 crash, also predicted a decline.
Peter Brandt, with 50 years of experience, predicted that the price of Bitcoin could fall even further.
Brandt’s analysis focuses on a chart pattern that has formed over the past two months and is called a rising wedge.
Accordingly, the analyst predicts that Bitcoin could fall significantly from its current price, potentially dropping to between $58,000 and $62,000.
This means BTC would experience a drop of more than 30% from its current level.
Brandt stated that Bitcoin is currently stuck in a downward trend channel and that further declines are highly likely unless strong buying pressure emerges.
“I think Bitcoin will fall to between $58,000 and $62,000.”
But even if my prediction turns out to be wrong, I won’t be ashamed. So trolls don’t need to take a screenshot of this tweet.
“I’m wrong about 50% of my predictions anyway. Being wrong doesn’t bother me.”