Bitcoin Analysts Predict Final Flush Before Potential Recovery

Crypto analysts are divided on whether Bitcoin has reached its bottom yet, with some predicting a final flush before a potential recovery.

According to Ivan Liljeqvist, a Bitcoin trader and author, the cryptocurrency's trend is still down despite recent bounces. He believes that these bounces are 'tiny' compared to the overall price trend and that the strength seen in past bull markets is not present currently.

Merlijn Enkelaar predicts that Bitcoin will enter its second bear market phase after accumulation, which could lead to a manipulation phase sending prices down to $50,000 before the third distribution phase. This view is shared by Nick Ruck, director of LVRG Research, who sees the $50,000 level as 'the last significant accumulation zone' before any sustained recovery.

While some analysts are bearish on Bitcoin's future price movement, others believe that the cryptocurrency may not reach an idealized 60% drawdown due to its distinct macro-structured market environment. This is in line with Fidelity Digital Assets' earlier statement that downside risk has been less dramatic in 2026 compared to previous cycles.