Bitcoin is facing renewed uncertainty as two well-known market analysts warn that recent price action is flashing caution signals, even as opinions differ on how deep the next move could be.
Veteran trader Peter Brandt said he expects Bitcoin to slide into the $58,000-$62,000 zone, describing that area as a realistic downside target based on his chart structure.
- Peter Brandt sees a potential Bitcoin pullback toward the $58,000-$62,000 range.
- Michaël van de Poppe says recent rejections signal short-term technical weakness.
- Altcoins are under pressure, with many making new cycle lows.
- A higher low and moving-average reclaim are needed to restore bullish momentum.
Brandt was clear that the call is probabilistic, not certain, noting that being wrong is part of trading and does not invalidate the broader analysis.
His view comes as Bitcoin trades well below recent highs, with momentum failing to hold after repeated attempts to push higher. Brandt’s charts point to a breakdown structure that leaves room for a deeper corrective leg before the market can rebuild strength.
Technical Weakness Raises Broader Market Concerns
A similarly cautious tone was struck by Michaël van de Poppe, who said the technical picture for Bitcoin “is not looking great” in the short term. According to his analysis, a brief move toward the mid-$90,000 range was quickly rejected, triggering renewed downside pressure.
Van de Poppe warned that this rejection has coincided with many altcoins printing fresh cycle lows, a sign that risk appetite across the crypto market remains fragile. He added that a sustained recovery would likely require Bitcoin to form a clear higher low and reclaim its short-term moving averages before any convincing upside can develop.
What Could Change the Outlook
Despite the bearish near-term tone, Van de Poppe noted that holding the 50-day moving average and avoiding new lows could still open the door to a sharp acceleration later on. Failure to do so, however, could mean further downside for Bitcoin while capital rotates into traditional safe havens such as gold.
For now, both analysts agree on one point: Bitcoin is at a technically sensitive moment, and the next few moves could set the tone for the weeks ahead.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/bitcoin-faces-critical-test-as-top-analyst-warns-of-major-price-crash/