Bitcoin Plunges : Targets Under $50K In Sight

Bitcoin is faltering, and warning signals are multiplying. As hopes for a recovery fade, the market seems to be returning to the bearish patterns of previous cycles. Key technical thresholds have broken, reviving projections of a return below $50,000. This scenario, long considered extreme, is gaining ground among analysts and seasoned traders. The prospect of a prolonged bearish phase is no longer a mere hypothesis but is becoming a concrete risk for investors still exposed.

Bitcoin Breaks Its Supports : Bearish Targets Now Embraced

The Bitcoin market shows worrying signs of weakness since its fall below $80,000, while the leading crypto exits the top 10 global assets. This threshold, seen as a pivot zone by many traders, no longer holds, opening the way to much darker forecasts.

Several sector figures no longer hesitate to mention price targets significantly lower. “74,400 and 49,180 are the two major liquidity targets to the downside for this bearish market,” stated the Cmt_trader account on X, highlighting the possibility of a deep retreat as supports break.

Technical indicators reinforce this pessimistic reading. Several critical signals have been breached in recent days :

• Loss of the 21-week exponential moving average (EMA 21W) : CryptoBullet warned that “$ BTC has lost the monthly 21-EMA. It’s over, you can’t even imagine it,” a signal historically associated with a durable bearish shift ;

• EMA crossover of the bull market : according to Rekt Capital, this setup has already resulted in a 17 % drop, from $90,000 to $78,000 ;

• Lack of rebound despite technical zones : even the presence of a CME gap on the BTC/USD futures contract at $64,445 was insufficient to trigger a significant return of buyers, reinforcing the idea of a largely weakened momentum.

In this context, immediate prospects are increasingly directed towards a return to price zones close to those observed mid-bear market, with few apparent positive catalysts to reverse the trend.

Structural Pressure : Towards a New Prolonged Bearish Phase ?

Beyond classic technical indicators, on-chain data supports the diagnosis of a market breaking trend.

One key element comes from analysis of the realized price for BTC holders over 12 to 18 months. This threshold, considered the average purchase cost, is now above the spot price. For CryptoQuant, this suggests an unfavorable dynamic. “Historically, when the price stays sustainably below this average cost, the market shifts from simple corrections to structural bearish regimes,” warns Crazzyblockk, a contributor on the platform.

The platform notes that the realized price stabilizes while acting as resistance. Thus, “when the price remains below a stable or rising realized cost, rallies tend to fail, as supply seeks to exit at breakeven,” the analysis continues. The combination of this factor with negative unrealized profitability and slowing balance growth constitutes, according to CryptoQuant, a typical alignment of extended bearish phases.

The Bitcoin price continues to trigger concern, weakened by technical signals and unfavorable on-chain dynamics. If current thresholds fail, a drop below $50,000 could become a central scenario for the coming weeks. Investors remain alert, watching closely for any sign of a durable reversal.