Bitcoin could plunge to $50,000

While the markets remain under tension, bitcoin is moving in an unusual calm. Stuck around $90,000, the asset displays volatility at its lowest. For several analysts, this phase of stagnation signals a major movement to come. Technical signals are converging towards an imminent range exit.

Volatility at its minimum threshold: traders await the breaking point

The price of bitcoin remains locked in a narrow range around $90,000, a level of consolidation which, according to several analysts, cannot last.

Technical analysis expert Aksel Kibar believes this period of stagnation could lead to a sudden movement : “an extremely low volatility pattern usually signals an imminent directional move”he published on X. He identifies a bearish configuration on the daily chart and considers two contrasting technical scenarios, in the short term.

Here is the projections mentioned by Kibar, depending on the direction the market will take:

• A bearish scenario: a fall towards a support zone located between $73,700 and $76,500;

• The bullish scenario: crossing technical resistance at $94,600, followed by a rapid rise towards $100,000.

For his part, Crypto trader Tony recommends an approach of tactical caution, suggesting investors only position themselves in the event of a confirmed movement: “$90,600 and $89,800 is our range. Only trade the breakout »he indicated.

This tightening of levels confirms a market under pressure, ready to explode in one direction or the other. Despite several attempts to cross upwards, horizontal resistance remains solid, and continues to repel the assaults of buyers. The market seems to be waiting for a clear signal, which increases the risk of a sudden movement in the hours or days to come.

Indicators reinforce the scenario of a decline towards $50,000

Beyond the technical configurations, certain on-chain data reinforce the bearish camp.

In a note published this Sunday on CryptoQuant, analyst Pelin Ay argues that the market has already entered a new bearish phase. “Price reactions are being sold at the falling moving averages, meaning these averages have become dynamic resistance zones”, writingshe, pointing out a dynamic where each attempt to increase is aborted by increased selling pressure.

According to her, buyers lack strength, as evidenced by low buying volumes during bullish movements, while selling volumes clearly dominate.

This structural reading translates into a widespread loss of momentum on major assets, including Ether, which despite a better rebound, does not present clear signals of trend reversal. In this context, Pelin Ay believes that a return towards $50,000, after a false hope of rebound, could be necessary before bitcoin finds a solid base for a possible recovery. “For now, the bitcoin rally appears to be over”she decides, affirming that the current structure remains fundamentally bearish.

Bitcoin falls back below $90,000, accentuating doubts about the strength of its support. Faced with compressed volatility and ambiguous technical signals, the market remains suspended for the next breakout.