Sentiment towards Bitcoin has taken a big hit in recent weeks after its price fell below $100,000. This has led to a series of bearish predictions for the cryptocurrency, as many analysts and investors alike believe that the crash is not over yet. An analyst known as Mr. Wall Street on the X (formerly Twitter) platform predicted a gradual decline, revealing how much Bitcoin prices will fall and when we should expect the crash to end.
Will Bitcoin fall below $60,000?
In the post, Mr. Wall Street expressed that Bitcoin price has already reached a cycle high and therefore has nowhere to go but down. This chart shows the potential for price reversals in cryptocurrencies, but ultimately these are all expected to be short-lived and precede further crashes.
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As Bitcoin price struggles to regain $100,000, crypto analysts are warning that Bitcoin is likely to fall further, highlighting the $74,000 to $82,000 level as the next major focus. This means that Bitcoin price could fall by more than 10% from this level.
However, analysts are not stopping there, and it appears that Bitcoin prices are entering another bear market. This year is already coming to an end, and crypto analysts are predicting 2026 to be even more bearish.
Wall Street believes the price of Bitcoin could fall below $60,000 and reach as low as $54,000 by next year. The deadline is set for the last quarter of 2026, which will mark the bottom. Considering this, analysts believe that $54,000 to $60,000 is the best time to take a position for the next wave of upside.
Head and shoulders pattern supports decline
Other companies, such as Leshka.eth, also echoed the bearish view, with recent analysis from the company pointing to the possibility of price declines. Analysts indicate that Bitcoin has completed a head-and-shoulders pattern, with the neckline firmly in place. Considering this, the price has entered a reset state and this reset is not over yet.
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Interestingly, Leshka.eth also hypothesizes that Bitcoin prices will crash by more than 40% from all-time highs. This was highlighted in a previous post predicting BTC to drop to $40,000. The timeline also suggests this will occur sometime in 2026, before the bottom is established.
Featured image from Dall.E, chart from TradingView.com
