Bitcoin Faces Steep Decline: Analyst Predicts 20% Crash to $76,000
Crypto analyst Roman has issued a stark warning for Bitcoin (BTC) investors, predicting a potential 20% price drop in the near future. This gloomy short-term outlook suggests that the leading cryptocurrency could plunge to a primary target of $76,000, driven by an underlying bearish market structure that continues to dominate.
Persistent Bearish Market Structure
Roman's analysis, shared across his platforms, underscores that Bitcoin's overall market structure shows no convincing signs of a sustainable price bottom. Despite recent trading hovering around the $90,000 mark, every attempt to push higher has been met with resistance, particularly around the $96,000 level. This consistent rejection indicates that sellers maintain firm control, preventing any significant upward momentum. The accompanying chart illustrates BTC trading above $90,000 but still well below this critical resistance, solidifying the view that bearish forces are stronger.
Weak Volume and Resetting Indicators Signal Further Downturn
Further supporting his bearish forecast, Roman points to the behavior of key technical indicators and trading volume. Following a significant correction where Bitcoin's price dropped roughly 40% from its all-time high, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) had become "extremely oversold." While the recent consolidation has allowed these indicators to reset, Roman highlights a concerning lack of robust buying pressure during this period. He interprets this not as a foundational rebound, but merely a pause before a deeper correction. The analyst also noted a weak trading volume during Bitcoin's recent rebound, suggesting these short-lived increases were more akin to "holiday-driven pumps" rather than genuine market strength. With the long-term trend still exhibiting bearish characteristics—marked by lower highs within a declining price range—traders are advised to view any current upside movements as corrective rather than the start of a new bull run.
