Bitcoin (BTC) Is Still Going Down, and the Real Panic Hasn’t Even Started Yet

Bitcoin price reached a low of $72,000 yesterday, and since then it has rebounded to $76,000. The bounce looks clean on the surface, yet the mood underneath feels uneasy. Some analysts see this move as a pause, not a turning point. The argument centers on broken support levels and a market structure that still looks fragile.

Several commentators believe the real stress point for Bitcoin price has not appeared yet. Their views paint a picture of a market that may need deeper fear before a durable bottom can form.

Bitcoin Price Outlook Shows Broken Structure Below Recent Highs

Not Telling has been clear about his stance on the current Bitcoin price outlook. He argues that every major support zone has already failed, which weakens the idea of a quick recovery. Many traders expect $60,000 to $65,000 to hold as a firm floor. That confidence is exactly what concerns him.

His view focuses on market psychology. Bitcoin price trends often turn only after patient holders lose conviction. That process usually involves sharp emotional selling. Not Telling expects a bounce to appear first. He sees that move as a bull trap that pulls in early buyers before a deeper drop unfolds.

Bitcoin price prediction models that rely on clean reversals often struggle during this phase. The market can look stable for short periods. Those moments rarely last when structural damage remains unresolved.

Bitcoin Price Prediction Splits Analysts On Risk And Reward

James Bull takes a different angle on Bitcoin price prediction. He frames the current setup through risk and reward. His view compares a possible move toward $150,000 against downside risk near $65,000. The balance looks almost even to him.

That framing explains why spot buyers continue to step in despite the weakness. Bitcoin price at these levels feels attractive to long term participants. Short-term pressure still dominates the chart. Both ideas can exist at the same time without conflict.

This tension defines the current phase. Bitcoin price outlook discussions now focus less on optimism and more on timing. Entering too early can test conviction even for experienced holders.

Bitcoin Price Cycles Point To A Faster And Earlier Bottom

Killa adds a broader cycle perspective to the Bitcoin price discussion. He notes that historical bear markets often last close to 365 days. Current price action suggests this cycle may move faster. Bitcoin price dropped at a quicker pace than past drawdowns.

He believes the bottom could form around August instead of later in the year. That view comes from drawdown math and cycle compression. Killa estimates Bitcoin price may sit 22% to 30% above the final low. His accumulation plan spans levels from $69,000 down to $45,000.

Read Also: If You Put $5,000 Into Silver Now, What Happens by 2027?

Institutional demand also plays a role in his outlook. Growing capital absorption could reduce extreme downside moves. Bitcoin price behavior may slowly resemble traditional risk assets over time.

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