Bitcoin News Today: BTC Faces Downside Risk as Analysts Flag Possible Slide Below $60,000

Bitcoin price prediction chatter has turned bearish after veteran trader Peter Brandt warned of a deep pullback. He said Bitcoin (BTC) could drop to $58,000–$62,000, down 33% - 37% from about $92,400.

Moreover, BTC has slipped back toward the $90,000 area after a failed breakout. Several analysts now point to weakening chart structure and rising volatility.

Bitcoin Price Prediction Focuses on a $58,000 - $62,000 Downside Zone

Peter Brandt, a futures trader with decades of experience, shared the $58,000 - $62,000 target on X. He based the view on a rising wedge pattern that has formed over the last two months.

A rising wedge forms when the price climbs inside narrowing, upward-sloping trendlines. The lower trendline rises faster than the upper line. Traders often treat the setup as a warning that upside momentum is fading.

Brandt also stressed uncertainty and his chances of being wrong. “If it does not go there I will NOT be ashamed… I am wrong 50% of the time,” he wrote on X.

BTC Technical Analysis Flags Failed Breakout and Key Support Levels

BTC slid to eight-day lows near $90,000 on Tuesday, according to the information provided. Analysts described the move as a return to a multi-month trading range after a breakout attempt failed.

Trader Daan Crypto Trades said Bitcoin has moved back inside the approximately $84,000–$94,000 band. “Breakout failed,” he wrote on X, adding that the setup “doesn’t make for a pretty look.”

Technical levels now dominate the discussion. Some analysts are tracking yearly opens near $93,500 for 2025 and about $87,000 for 2026. Rekt Capital said Bitcoin needs to reclaim $93,500 during the week to confirm a successful retest.

Short-term structure also weakened, based on the details provided. BTC lost the 4-hour 200-period simple moving average (SMA) and exponential moving average (EMA). Consequently, traders have shifted attention to lower support zones and nearby liquidity pockets.

Weekly Death Cross, Liquidations, and Whale Moves Shape Market Risk

Keith Alan, Co-Founder of Material Indicators, pointed to a new weekly death cross. The signal occurs when the 21-week moving average crosses below the 50-week average. He said traders could watch a potential bounce area near the 100-week SMA around $86,900.

Macro headlines appeared alongside the technical break. Data cited renewed risk aversion tied to re-emerging United States–European Union (US-EU) trade tensions. It also noted proposed tariff actions involving Greenland, while gold and silver reached fresh all-time highs.

On-chain activity added another layer to sentiment. Lookonchain reported that a long-dormant whale moved 909.38 BTC after holding for 13 years. The report valued the stash at about $84.62 million and said the coins originally arrived when BTC traded under $7.

Lookonchain data showed a separate early investor who began selling. That wallet bought 5,000 BTC at $332 each 12 years ago, then sold 2,500 BTC worth $265 million at an average $106,164 since December 4, 2024. The wallet still holds 2,500 BTC worth $237.5 million, according to the provided figures.

Liquidity View Offers a Contrasting Catalyst for A Crypto Rally

Not all analysts share the bearish framing. Ted Pillows pointed to US liquidity trends as a potential tailwind for crypto prices.

He noted that year-over-year US liquidity growth hit its lowest point in November 2025, which aligned with a local BTC low. Since then, US liquidity has improved and could support a rally.

Bitcoin now sits between competing narratives and levels. Analysts have highlighted $93,500 as a key reclaim point, with $87,000 also in focus if weakness persists. Meanwhile, Brandt’s $58,000–$62,000 zone remains a downside scenario if support breaks and selling accelerates.

Also Read: $1 Million Bitcoin? Cathie Wood’s Data-Driven Case for a Transformative 2026