Bitcoin Headed Lower Amid ‘Concerning’ Chart Signals, According to Crypto Analyst – Here Are His Targets

A broadly adopted cryptocurrency analyst and dealer is leaning bearish on Bitcoin (BTC) within the quick time period.

The analyst, pseudonymously generally known as Bluntz tells his 307,000 followers on social media platform

According to In accordance with the pseudonymous analyst, Bitcoin is more likely to expertise a worth drop earlier than hitting a brand new all-time excessive within the coming weeks. Primarily based on Bluntz’s chart, Bitcoin might fall to a key help degree earlier than rising in a collection of waves to succeed in a brand new all-time excessive.

“For anybody who’s curious, this is what I am fascinated about the subsequent few weeks [will] taking part in for BTC.”

Bluntz applies the Elliott Wave idea, which states {that a} bullish asset tends to witness a five-wave rally after experiencing an ABC correction. Trying on the dealer’s chart, he appears to recommend that BTC will fall to $90,000 to finish an ABC correction wave earlier than a five-wave wave above $115,000.

Bitcoin is buying and selling at $95,325 on the time of writing, down about 8% from the 2025 excessive of about $102,700 reached on January 7.

The pseudonymous analyst Rekt Capital additionally has a bearish view on Bitcoin within the quick time period.

The pseudonymous analyst tells his 528,400 followers on the social media platform

According to In accordance with Rekt Capital, the Bitcoin bull market nonetheless has months to go earlier than the development shifts in favor of BTC bears.

“By 2025, the BTC bull market will doubtless peak and mark the beginning of a completely new bear market.

Nevertheless, many of the bear market will happen in 2026.

The bear market would final about 365+ days and be between -65% and -80% deep.”

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Featured picture: Shutterstock/kitti Suwanekkasit/Chuenmanuse