Bitcoin price forecasts are turning increasingly bearish, with analysts pointing to downside targets of $76,000 and even $50,000 as negative technical signals continue to build and upside momentum remains weak.
Bitcoin (BTC) is trading around $92,269, but its daily chart is reinforcing a bear flag pattern, a formation often associated with continuation moves lower during broader downtrends.
Bitcoin bear flag puts $76K and $50K targets in focus
Market analysts note that Bitcoin is entering a new phase of correction, with multiple bearish divergences appearing across key indicators. Some traders argue that the broader bull market cycle may already be over, increasing the risk of deeper declines in the months ahead.
Trader Roman told followers on X that Bitcoin could face another drop of roughly 17% from current levels. Since rebounding from recent local lows near $80,000, BTC/USD has struggled to generate a strong recovery and has instead traded within a rising channel. According to Roman, this structure resembles a classic bear flag, which typically forms as a short-term relief bounce before prices resume falling.
“Let the drop to 76k begin,” Roman said, citing bearish divergences across price action, volume, the relative strength index (RSI), and the moving average convergence divergence (MACD). He added that macroeconomic factors supporting equity markets have failed to lift cryptocurrencies, and even lower U.S. interest rates have not provided meaningful support.
Roman also highlighted Bitcoin’s previous rally of roughly 750% from its 2022 bear market low near $15,600, arguing that the current cycle may be exhausted. In his view, investors should prepare for a deeper retracement, with $50,000 emerging as a potential long-term downside target.
Bearish signals have been present for much of 2025, with longer-term RSI readings repeatedly flashing warning signs. Other traders have also drawn comparisons between current price action and Bitcoin’s market structure during 2022, when similar patterns preceded sharp declines.
Bitcoin bulls defend key support levels
Despite the bearish outlook, some analysts see tentative signs of short-term stabilization. Trader Luca noted that Bitcoin is currently trading above its bull market support band on the daily chart.
This support zone, derived from the 21-day simple moving average and the 20-day exponential moving average, has historically acted as a buffer during bull market corrections. Luca said that if Bitcoin can successfully bounce from this area, the medium-term outlook could turn more constructive.
According to market data, BTC/USD is attempting its fourth consecutive daily close above the support band, which would mark its longest stretch above this level since early October. While this does not invalidate the broader bearish risks, it offers bulls a potential foothold as the market searches for direction.
