A Bitcoin bearish forecast is gaining attention as technical analysis points to a potential price drop. The cryptocurrency recently fell to $91,000. Many factors led to the surprise drop in the price of Bitcoin, which hit $91,000. These factors included a shrinking market dominance and an increase in volatility.
Even though this setback has occurred, one industry specialist thinks that the cryptocurrency now in the lead will have an even bleaker future. The emergence of a bearish flag pattern suggests more market falls. This is supported by the fact that the pattern is present. The expert forecasts that the price will drop even more, hitting $90,000. The professional has predicted this.
Bitcoin’s Bearish Flag Pattern
Crypto expert Pejman Zwin of TradingView recently published a chart analysis in which he predicted a very negative future for the price of Bitcoin. A bearish flag pattern and other important technical indications led the researcher to this bleak prediction. Zwin claims that Bitcoin is now exhibiting bearish flag pattern behaviour, a technical indicator of a potential continuation of a previous downward trend. If this flag pattern persists, severe price drops may be on the horizon for Bitcoin.
The expert said that the 50-day moving average (MA), around the $95,974 mark, was an important milestone for Bitcoin’s support and resistance. However, a recent break below this MA indicates that the cryptocurrency may continue to decline, which is a negative trend. According to Zwin, there is a strong support zone for Bitcoin prices between $95,000 and $90,870. Furthermore, he drew attention to the fact that the pioneer cryptocurrency is piercing critical support levels, which might indicate that the negative trend would likely continue.
Zwin predicts a massive price collapse for Bitcoin towards $91,000 based on its price movement about the technical indicators and chart patterns. For example, if Bitcoin were to breach present support lines, the analyst would bet on a minimum loss of $91,000.A break from the strong support zone, he said, might lead to further negative pressure on Bitcoin and a return to its previous low of about $90,540.
Interestingly, Zwin’s pessimistic forecast comes after Monday’s precipitous decline in Bitcoin prices to $91,000. The market mood toward Bitcoin has deteriorated over this period of flat trade, and the unfavourable price action is not abating. Bitcoin is now trading at $93,893, having swiftly rebounded after a precipitous decline. Still, if the price were to fall to Zwin’s predicted $90,540 objective, the Bitcoin meltdown would be about 3.6% worse.
Bitcoin’s Upward Momentum Prediction
Zwin contrasted his gloomy Bitcoin price forecast with an optimistic scenario that may lead to a resurgence. TradingView analysts say Bitcoin’s price might top out at $95,974. Breaking above the resistance lines might invalidate the bearish flag pattern and herald an upward reversal for BTC. Market analyst’ Mister Crypto’ on X (previously Twitter) predicts a Bitcoin breakout to new heights. The expert predicts Bitcoin may reverse adverse tendencies in the following two days and restart its rising trajectory.
Related: US Bitcoin Reserve Shift And Strategic Changes in 2025
Summary
This article discusses the Bitcoin Bearish Forecast reduction to $91,000. Several reasons, including decreasing market dominance and greater volatility, caused the price drop. According to the predictions of a cryptocurrency specialist from TradingView named Pejman Zwin, a bearish flag pattern might lead to more drops, with the possibility of a drop below $90,000.
Significant support between $95,000 and $90,870 may be found, as Zwin points out that the 50-day moving average has been broken below, indicating that the downward trend will continue. Zwin proposes a hopeful scenario, stating that a breakthrough above resistance lines might reverse the negative trend despite the gloomy prognosis. Mister Crypto predicts that Bitcoin will see a breakout to unprecedented heights in the next two days.