Several cryptocurrency analysts warn that Bitcoin may need a final sharp decline to around $50,000 before a sustained recovery can begin. Despite a recent rally toward $75,000, figures like Ivan Liljeqvist and Merlijn Enkelaar argue the trend remains downward, with a potential “manipulation phase” ahead. Analyst “symbiote” also anticipates a final large drop, while Nick Ruck of LVRG Research notes such a flush could be a healthy reset, though institutional buying may prevent historically deep drawdowns.
Multiple crypto analysts maintain Bitcoin requires a final capitulation event. They suggest prices could fall to approximately $50,000 before mounting a measurable recovery.
Trader and author Ivan Liljeqvist stated he does not believe the recent low near $60,000 was the market bottom. “I don’t think we’ve had it yet, I don’t think $60,000 was the bottom,” he posted, adding that the trend remains down.
Analyst Merlijn Enkelaar said Bitcoin is entering a second bear market phase after accumulation. He suggested a “manipulation phase” could send prices down to $50,000 before a subsequent distribution phase.
Nick Ruck, Director of LVRG Research, told media that a drop to $50,000 is viewed as a last significant accumulation zone. “This could potentially set up for stronger bullish momentum once the flush concludes, but the institutionalization of crypto markets places consistent buying pressure at current levels,” he explained.
Analyst “symbiote” said Bitcoin looks “super bearish” on high time frames and is waiting for a final huge dump. He identified potential targets at $59,000 or $50,000.
This bearish sentiment persists despite a recent price rally toward $75,000. The rally was fueled by renewed hopes for a deal between the US and Iran to end recent conflicts.
Ruck noted Bitcoin is already down roughly 40% from its last all-time high with significant institutional participation. He observed that previous cycles driven by retail saw drawdowns of 82% and 77%, but this cycle might not reach an idealized 60% decline.
