Experts Predict Bitcoin Could Fall to $50,000

Bitcoin has retraced below the $60,000 mark, reaching its lowest point in the past two months. Whether Bitcoin will continue to decline or not remains a question for most investors at the current time.

Predict Bitcoin Could Fall

According to cryptocurrency analyst Markus Thielen, Bitcoin’s failure to break above the $72,000 mark has led to the formation of a “double-top” price pattern, potentially pushing the price down further to the $50,000 level.

In an analysis note on June 24, Thielen, founder of 10x Research, explained:

Currently, Bitcoin seems to be following a double-top pattern and is testing its critical support level.

2 Top

A double-top pattern forms when the price reaches two similar peaks with a slight dip in between. This pattern typically completes when the price breaks below the “neckline,” potentially leading to a further decline equal to the distance between the peaks and the neckline.

Thielen noted:

Bitcoin could shift from its current trading range (60,000-70,000) into a double-top formation, potentially resulting in a steeper decline.

This should be our base case unless this pattern is invalidated. This formation could easily push the price down to $50,000—if not $45,000.

As we have observed over the past three months, range trading is a complex phase, often accompanied by several false breakouts.

Thielen also pointed out that double-top patterns often lead to significant losses for retail investors, with many altcoins experiencing substantial drops during this period.

While events like the upcoming U.S. elections and the Consumer Price Index (CPI) could have positive impacts later this year, Thielen cautioned that Bitcoin could still face a “sharp correction” in the short term.

After Bitcoin’s halving event on April 20, where the miner’s reward was cut from 6.25 BTC to 3.125 BTC, many prominent cryptocurrency traders are speculating about Bitcoin’s price.

Trader Jelle noted that Bitcoin’s price action is still playing out “similarly” to the post-halving cycle in 2016 and is “trading around previous cycle highs.”

More and more fear, uncertainty, and doubt (FUD) are being released at the current prices,” Jelle stated in a June 24 X post, adding that this is part of the “shakeout effect.”

Either it’s really over, or we are close to a bottom.

Cryptocurrency trader Rekt Capital believes there is still significant potential for short-term growth. In a June 24 post, he said that the market is approximately 40% through the “bull market” phase.

This suggests that the recent drop in BTC price below $60,000 provides an opportunity for buyers to accumulate more before Bitcoin enters a “parabolic uptrend.”

Related: Willy Woo Explains Why Bitcoin Cannot Recover

Bitcoin Price Fluctuations

At the time of writing, Bitcoin is hovering around $60,300 with a market capitalization of approximately $1.2 trillion and a 24-hour trading volume of $42 billion.

Source: CoinMarketCap
Source: CoinMarketCap
(1 vote)

5.0/5

(1 vote)

Latest

Bitcoin Whale Addresses Holding Over 100 Btc Hit Record High

News | Bitcoin | Editor Choice

Bitcoin Whale Addresses Holding Over 100 BTC Hit Record High, Bull Run Through 2026

As Bitcoin whales ramp up accumulation and prices soar to new highs, Citigroup forecasts that the bull market could continue through 2026 — setting the stage for another explosive rally in the world’s largest cryptocurrency.

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Screenshot 2025 09 10 100533