Bitcoin Bears Target $50K as Analysts Warn of Further Price Declines

Crypto analysts are warning that Bitcoin may still have further to fall before reaching its cycle bottom. According to Ivan Liljeqvist, Bitcoin has yet to experience 'the big flush,' and the trend remains down.

Analyst Merlijn Enkelaar believes Bitcoin is entering a second bear market phase following accumulation, which could lead to a manipulation phase pushing the price down to $50,000 before a subsequent distribution phase begins.

Symbiote describes Bitcoin as 'super bearish' on high time frames and predicts a 'final huge dump' to either $59,000 or $50,000 is still ahead.

Analyst Jelle identified a bearish flag chart pattern that could signal further price declines.