Today, the price of Bitcoin 
$77,112 seems eager to reverse its initial weekly gains, heading below $90,000 as the weekend approaches. This downward trend is triggered by altcoins losing up to 8%, with Bitcoin slipping to $88,000. An analyst, who had predicted this decline, has issued a fresh warning, suggesting the possibility of even larger drops ahead.
Accurate Analyst Predictions
Roman Trading, recognized for accurately predicting Bitcoin’s downturn in recent quarters, asserts that its value has reached a level where taking risks is no longer worth it, with further declines likely. Despite reaching an all-time high of $126,000, Roman Trading was proven right as Bitcoin suffered a loss exceeding $46,000. During this period, MACD and RSI indicators fell to unprecedented levels, strengthening the analyst’s confidence in a prolonged bearish trend.
The analyst noted for months that the long-term bullish structure had been disrupted. Now, as Bitcoin struggles to reclaim the support line of the upward trend that began in 2023, it approaches deeper dips with each passing week. The flow of news increases volatility, while high leverage ratios in the crypto market amplify the momentum of declines.
In today’s assessment, a decline below $76,000 was predicted for Bitcoin, supported by analysis derived from the S&P 500 graph shown below.
The above image outlines the scenario foreseen by the analyst for Bitcoin. Even considering a temporary surge to $104,000, they believe this won’t prevent Bitcoin from dipping below $76,000.
Forecasts from Other Analysts
Coincidentally, today DaanCrypto also reviewed Bitcoin’s situation relative to the S&P 500. Bitcoin has experienced a 37% decline against the stock market from its local highs in July of this year. Despite new records in stock markets, particularly with Nvidia surpassing the $5 trillion threshold, it has been disheartening that cryptocurrencies did not join in the ascent.
“The severity of this downturn, compared to others in this cycle, stems from the rapid climb in other sectors, leaving Bitcoin and altcoins behind,” they explain. They argue that the BTC seems appealing for long-term investors, similarly as gold does.
What cryptocurrencies desperately need is liquidity. Once financial markets regain liquidity, Bitcoin is expected to outperform once again, a sentiment shared among some experts.
As the year concludes, concern grows over Bitcoin dropping below its 2025 opening levels and ETF cost base. The pressure on MSTR due to MNAV becomes intense, and it remains uncertain how ETF investors will react below their cost zone. With current ETF exits exacerbating worries, the probability of deeper troughs for cryptocurrencies seems to increase.
