Crypto analyst Tony, who accurately called the Bitcoin crash from around $82,000, has detailed his forecast for the leading cryptocurrency. His analysis indicates that Bitcoin is likely to experience further declines and set new lows within the current bear market before a potential bottom is established. Key technical indicators, such as the 200-day moving average acting as resistance and trading below the Ichimoku Cloud, support this bearish outlook.
Tony projects that Bitcoin could fall to around $50,000 by July, with a possibility of dropping below $40,000 before the cycle concludes. While a short-term bounce to the $74,000 range is possible, the overall trend is expected to remain downward. Analyst Colin suggests a potential short-term support around $65,000-$66,000, but also anticipates a retest of the $60,000 level, noting that historical bear markets have seen deeper corrections.
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