Analyst Reveals Bitcoin Big Picture, Predicts 50% Crash By EOY

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s price structure is starting to look less like a clean recovery to $80,000 and more like a battleground between $76,000 and $78,000, where every rally is being tested , and every dip is being watched. A new technical outlook from a crypto analyst known as Guru is now adding an interesting angle to that uncertainty, outlining a path where Bitcoin could first lure in late buyers before unwinding into a 50% decline before the end of the year. Next Bitcoin Move Bitcoin’s recent price action in April has led to bullish momentum slowly creeping in , and many analysts are now looking at bullish price targets at the end of the year. However, in a post shared on the social media platform X, crypto analyst Guru laid out a revised multi-stage roadmap for Bitcoin that culminates in a crash to as low as $30,000 by year-end, a drawdown of as much as 61% from current levels. Related Reading Analyst Reveals Bitcoin Big Picture, Predicts 50% Crash By EOY Just now The chart accompanying the post is a weekly timeframe chart that projects the full arc of the move: a compression zone, a rally, and then a terminal decline that would take Bitcoin to price levels last seen in late 2023. According to the weekly chart, Bitcoin is currently transitioning into a high-timeframe redistribution phase. Guru’s original prediction anticipated a simpler two-act sequence involving a flush to $55,000 followed by a direct rally to $80,000. That scenario has now been superseded, though the analyst is clear that the broader conclusion has not changed. Source: Chart from Guru on X The updated plan introduces a higher-timeframe (HTF) consolidation and redistribution phase first, which is likely to trap traders on both sides. The prediction based on this updated plan is that Bitcoin will reverse soon to find a local bottom in the $62,000-$65,000 zone before staging a rally to $85,000 . It is that rally, Guru argues, that is the real danger. “The 85k pump will be the ultimate exit liquidity trap,” the analyst wrote . A Year-End Slide To $30,000 The most interesting part of the prediction is what is expected to happen once Bitcoin undergoes the projected rally to $85,000. Once the liquidity above is taken and the market exhausts buying pressure, the analyst anticipates a move lower, targeting a broad range between $50,000 on the higher end and $30,000 on the lower end before the end of the year. Related Reading Bitcoin To $140,000 And XRP To $7? Here’s When It Will Happen 6 days ago Despite the severity of the forecast, Guru has been explicit about what would invalidate it. A weekly close above $98,000 would render the entire bearish scenario void. At the time of writing, Bitcoin is trading at $77,000, which means a drop to $50,000 would represent a decline of roughly 35%, while a deeper slide to $30,000 would translate to an approximate 61% loss from current levels. On the other hand, a move to the analyst’s invalidation level at $98,000 would require a rally of about 27%. BTC trading at $77,190 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com