Bitcoin if it fails to hold this level it's over warning of a drop to $50,000
Bitcoin if it fails to hold this level it's over warning of a drop to $50,000
The Bitcoin (BTC) market has failed to recover from its lowest levels in 10 months, fueling growing warnings of further downside. Experts believe the current rebound attempt is likely to run into technical resistance, with the actual bottom expected to form around the $50,000 level.
On February 9 (local time), cryptocurrency-focused outlet Cointelegraph cited analysis from popular trader Roman, reporting that Bitcoin risks a sharp пад to the $50,000 range if it fails to hold the $76,000 support level. Roman pointed to the presence of heavy trading volume during the recent decline as confirmation that selling pressure continues to dominate the market. He assessed that Bitcoin has entered a full-fledged bearish phase and that short-term rallies are likely to be no more than temporary rebounds.
Another analyst, Cmt_trader, also reinforced the bearish outlook by setting key downside liquidity targets at $74,400 and $49,180. As Bitcoin has been pushed back toward the vicinity of its 2021 all-time high, market sentiment has become extremely subdued. In particular, after losing the bull-market support near $80,700, buying interest has largely vanished, significantly weakening price defense.
On-chain data analytics platform CryptoQuant expressed concern that Bitcoin is trading below the realized price of investors who have held the asset for 12 to 18 months. This is a typical sign seen at the early stages of past prolonged bear markets and suggests the possibility of further capitulation from investors facing deteriorating profitability. Bitcoin’s weekly Relative Strength Index (RSI) falling to around 30, the oversold zone, is comparable to levels seen at the bottom of the 2022 downturn.
To reverse the downward trend, Bitcoin would need to reclaim the psychological resistance at $88,000 accompanied by substantial trading volume. Experts advise caution, noting that with market liquidity currently thin, even minor negative developments could trigger sharp price swings. Some also warn that if Bitcoin repeats past bearish cycles, the process of confirming a true bottom could extend into the second half of 2026.
Bitcoin is currently facing strong downward pressure in both technical indicators and on-chain data, and investors are closely watching whether the $76,000 level can be defended. Changes in technical indicators emerging at a peak of market fear are expected to be a key variable in determining the long-term direction.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on it. The content should be interpreted solely for informational purposes.*
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