Analyst Reveals Complete Technical Bitcoin Price Breakdown – Here’s The Target
Bitcoin's chart just got a full autopsy—and the prognosis might surprise you.
Forget the hopium and noise. One analyst sliced through the daily sentiment fog with a pure technical breakdown. No narratives, no macro excuses—just price action, levels, and momentum telling their own story.
The Setup: Reading Between the Lines
The analysis hinges on patterns most traders glance over. It’s not about predicting the future; it’s about mapping the battlefield. Key support zones that held become launch pads. Resistance levels that repelled price now mark the next objectives. The chart, in this view, is a series of solved and unsolved puzzles.
The Target: Where the Math Points
Every breakdown needs a destination. By projecting the momentum from recent consolidations and breakouts, the analysis lands on a specific figure. It’s a number derived from historical volatility, Fibonacci extensions, and volume-weighted averages—the cold, hard math behind the market’s mood swings.
Remember, in traditional finance, a ‘target’ is just a sophisticated guess that makes a PowerPoint slide look expensive. In crypto, it’s the line in the sand that either gets celebrated or ruthlessly memed into oblivion.
So, will price obey the technical script, or will it—as it often does—rewrite the ending entirely? The chart has issued its forecast. Now we wait to see if the market bothers to read it.
Bitcoin Price Set To Decline Below $55,000
A crypto analyst who calls himself ‘Mr. Wall Street’ on X has released a full technical breakdown of Bitcoin, providing both market and psychological insights while predicting a devastating decline to new lows. He highlighted that the BTC bullish momentum seen earlier this year has collapsed, signaling a shift toward a bear market.
Key technical indicators used to understand Bitcoin’s market position and direction are signaling the start of a bear phase. The expert highlighted that the weekly 50-period Exponential Moving Average (EMA50), Moving Average Convergence Divergence (MACD) monthly cross, and Relative Strength Index (RSI) bearish divergence are now all pointing downward.
Given this weakness, Mr. Wall Street has predicted that Bitcoin could first retest the weekly EMA50 target near $100,000 before its next decline. The analyst stated that traders are likely planning short positions in the $104,000 to $98,000 range, targeting a potential drop to $74,000 to $68,000. Looking ahead, he projects that the Bitcoin price could crash further by Q4 2026, potentially declining to levels between $54,000 and $60,000.
Supporting his bearish forecast, the analyst has cited the decline and pressure in financial markets outside of crypto as factors contributing to the broader market downtrend. He also mentioned that the Bank of Japan’s (BOJ) planned interest rate hike adds to the current stress, along with market makers who went bankrupt during the October 10 flash crash and are waiting to liquidate billions of dollars in spot assets.
Mr. Wall Street has dismissed common bullish arguments such as the potential restart of Quantitative Easing, explaining that minor Federal Reserve (FED) balance sheet operations do not signal a complete QE cycle. He stressed that macro bullishness does not justify ignoring short and mid-term risks. Moreover, he warned that those who ignore the reality of a bear case WOULD wish they had shorted the retested $100,000-$125,000 range a year from now.
Looking beyond the projected bear cycle, Mr. Wall Street believes that Bitcoin could eventually rebound to around $89,000 in 2027. Following this, he expects the cryptocurrency to accelerate toward $110,000 and ultimately $160,000.
Macroeconomic Factors Contribute To Market Decline
Mr. Wall Street also links his bearish bitcoin forecast to the present weakness in broader macroeconomic conditions. He highlighted that BTC’s struggles are deeply connected to the decisions made by central banks, particularly the FED.
According to the analyst, the US economy began showing signs of deterioration at the start of 2025. He claimed that key indicators, such as worsening job data and misleading inflation figures, were allegedly ignored. Furthermore, he highlighted that the FED’s inaction and delayed rate cuts prevented necessary economic easing, leaving markets and cryptocurrencies like Bitcoin vulnerable to correction.
