Bitcoin (BTC) has been steadily buying and selling above $90,000 amidst escalating tensions between US President Donald Trump and Federal Reserve Chairman Jerome Powell, alongside geopolitical unrest.
However the crypto asset’s triple bearish setup might drag costs to $70,000.
Three Bearish Patterns
Crypto analyst Physician Revenue warned that Bitcoin will decline towards the $70,000 degree, even when costs see short-term upside first. He stated BTC is presently forming three bearish technical constructions throughout larger timeframes, thereby rising the danger of a deeper correction.
The primary sign is a big bearish divergence seen on each weekly and month-to-month charts. It’s presently indicating weakening momentum regardless of comparatively excessive costs. The second is a bearish flag formation, which the analyst stated factors straight towards the $70,000 area. The third is a possible head-and-shoulders sample that continues to be energetic and will nonetheless full earlier than a broader sell-off.
Physician Revenue stated a transfer larger can’t be dominated out within the close to time period, and noticed that heavy liquidity is sitting between $97,000 and $107,000. This area is predicted to draw costs quickly. Nevertheless, such a rally wouldn’t change the general bearish construction. He described two potential paths towards $70,000: Bitcoin might both break down straight from the bearish flag or first full the head-and-shoulders sample earlier than resuming its decline. Whereas the timing stays unsure, he stated the draw back goal stays the identical.
He additionally flagged “huge quantities” of heavy insider promoting, which has been ongoing since August 2025. In line with Physician Revenue, the dimensions of promoting is the most important he has noticed throughout his monitoring interval and has continued with out slowdown in current weeks. Such market habits signifies rising stress beneath the floor of the market and is according to the pressures within the monetary system.
The stress within the banking sector and compelled liquidations linked to actions within the silver market are contributing to a fragile macro backdrop. When present situations had been in comparison with intervals that preceded main market downturns, the analyst stated dangers are constructing throughout a number of asset courses.
Trying forward, upcoming occasions reminiscent of US CPI inflation information and the January 15 vote on the CLARITY Act might have an effect on short-term value motion. Nevertheless, these developments are unlikely to vary BTC’s broader bearish trajectory.
Institutional Forecasts Diverge
Not all market observers share the bearish view on Bitcoin. As an illustration, VanEck just lately stated that BTC might attain a value of practically $2.9 million by 2050 below its base-case state of affairs. The forecast is constructed on the belief that the crypto asset evolves right into a non-sovereign financial asset, capturing between 5% and 10% of worldwide commerce settlement and accounting for roughly 2.5% of central financial institution reserve holdings.
Beneath these situations, the asset supervisor estimated that BTC would submit a compound annual progress fee of about 15% between 2026 and 2050.
The submit ‘$70K Bitcoin Is a Matter of Time,’ Analyst Warns as Triple Bearish Indicators Emerge appeared first on CryptoPotato.