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Crypto pundit Andrea has shared a 3-month scenario for Bitcoin that shows the flagship crypto could suffer a massive crash. This crash is expected to follow BTC’s rebound and an end-of-year rally to new highs.
Pundit Projects Bitcoin Crash To $60,000 After Rebound To New Highs
In an X post, Andrea shared an accompanying chart showing that Bitcoin could eventually crash to $60,000, with the crash expected sometime in mid-2026. However, before then, the crypto pundit predicted that BTC could still rally to new highs despite its recent crash below the psychological $100,000 level.
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Specifically, he revealed a potential three-month scenario for Bitcoin, stating that he expects an end-of-year rally to at least $115,000-$116,000. The crypto pundit added that if BTC can break that level, then it could push towards $135,000 and $140,000, which will mark new all-time highs (ATHs) for the flagship crypto.
However, Andrea stated that the peculiarity of this pump will be with a dropping BTC dominance, with altcoins outperforming the flagship crypto. This analysis comes amid Bitcoin’s most recent crash below $90,000, which marked a seven-month low for BTC. Notably, veteran trader Peter Brandt has predicted that this decline could extend further, with the flagship crypto dropping to as low as $58,000.
Brandt questioned whether Bitcoin’s sweeping reversal on November 11, followed by 8 days of lower highs and the completion of a massive broadening top, qualifies as a bear market. He added that the targets implied are $81,000 and $58,000. The veteran trader also remarked that those who claim they will be big buyers at $58,000 will be pukers by the time BTC reaches $60,000.
BTC Suffers A Breakdown Of The Megaphone Pattern
Crypto analyst Colin revealed that Bitcoin has broken down from the megaphone pattern. He noted that without a quick recovery in the next day or two, this would suggest that BTC is entering a bear market. He opined that this bear market may be less intense due to diminishing returns and diminishing losses each cycle.
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The analyst reiterated that if the Bitcoin price can reclaim the 50-week moving average before the week is over, it could signal a bullish outlook for the flagship crypto. However, until then, he remarked that it is better to assume that a bear market or bigger correction is the most likely scenario. Colin also raised the possibility of BTC following the ISM (business cycle) higher in a big move next year, after this corrective period. If that happens, then the bear market may be short-lived.
At the time of writing, the Bitcoin price is trading at around $93,000, up almost 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pngtree, chart from Tradingview.com
While Bitcoin (BTC) continues to lose crucial support levels, an analyst has shared three possible scenarios for the flagship crypto’s upcoming performance, raising the alarm about potential early signs of a bear market.
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Bitcoin Price Correction Continues
On Monday, Bitcoin reached a new multi-month low after dropping below $93,000 for the first time since May. The cryptocurrency started the week dropping nearly 5% from the $96,000 area and retesting the $91,000 level as support.
Notably, BTC has seen a 16% correction from its November opening and has lost multiple crucial levels over the past few weeks, including the $100,000 psychological barrier and the 21-Week Exponential Moving Average (EMA) as support.
Most recently, the flagship cryptocurrency closed the week below the 50-week EMA, which has raised the alarm for several market observers.
Analyst Rekt Capital noted that losing this indicator is “not something we typically want to see if bullish Market Structure is to remain intact,” adding that “bear markets tend to confirm when price loses the key bullish levels that have supported upside momentum across the cycle.”
He explained that Bitcoin has formed clusters of lower lows at the 50-Week EMA across the cycle, which have “helped sustain a broader bullish technical uptrend.” However, BTC is currently forming another cluster below this indicator, instead of approaching the possible macro lower high developing above the 50-Week EMA.
As a result, BTC’s recent performance signals the first step of a potential breakdown, the analyst warned:
A full breakdown unfolds in three parts: first, a Weekly Close below the key level; second, a post-breakdown relief rally that turns that level into new resistance; and third, downside continuation that completes the bearish confirmation.
Early Signs Of A Bearish Trend?
Rekt Capital stressed that the 50-week EMA will be crucial in determining whether BTC’s bullish trend and tendency for “benign downside deviations” still hold.
He emphasized that if the flagship crypto fails to reclaim this indicator as support and it turns into a resistance, it could be transitioning from its downside deviation tendency to the early stages of a confirmed bearish trend.
The analyst detailed that during the early bear markets, “a Weekly Close below the 50-Week EMA is followed by several weeks of post-breakdown relief rallies into that moving average, but those attempts ultimately fail, and the EMA simply acts as resistance until downside acceleration unfolds.”
Based on this, he shared three potential outlooks for BTC’s performance. The best-case scenario for Bitcoin would be reclaiming this indicator and successfully ending this correction as a downside deviation, as it would suggest that BTC remains in a bull market.
The second-best case scenario would be that Bitcoin sees a multi-week hesitation period below the EMA as it enters the bear market, which could include a brief overextension above this level before a clearer trend resolution to the downside.
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Meanwhile, the worst-case scenario would see the cryptocurrency’s price unable to retest the 50-Week EMA, even as resistance, and directly enter the downside acceleration phase.
Nonetheless, the analyst noted that, historically, the third scenario doesn’t appear as likely if we have already entered a bear market. Instead, he concluded that the recurring “relief-rally scenario” into the 50-week EMA before downside continuation seems more likely.
Featured Image from Unsplash.com, Chart from TradingView.com