Analysts warn that Bitcoin may drop to the $54k range within the next 5 months.

SmartContractAuditor · 2026-04-07T14:26:55+00:00

Cryptocurrency market analyst Wedson pointed out that Bitcoin's 720-day tactical bull-bear sentiment index has fallen into an extremely bearish zone, potentially indicating that long-term market fear is nearing an end. Although Bitcoin may face a sharp decline to around $15k in the next five months, recent large-scale buying has partially alleviated selling pressure, which could limit downside potential.

SmartContractAuditor

2026-04-07 14:26:55

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Odaily Planet Daily News: Cryptocurrency market analyst Wedson said that Bitcoin’s 720-day Tactical Bull-Bear Sentiment Index has fallen into an extreme bearish range, indicating that long-term market fear may be nearing the end. Historically, when such indicators are at low levels, the so-called “last shakeout” often follows; afterward, Bitcoin only enters a more stable rebound phase. For example, in 2022, when the indicator was low, Bitcoin had dropped by more than 20%; in 2018, under similar circumstances, Bitcoin fell by about 50%.

Wedson warned that Bitcoin could experience a sharp drop of about $15k over the next five months, meaning BTC might test down from the current price to around the $54k price region. Therefore, $50,000–$55,000 could be Bitcoin’s key support range. Even so, recent large Bitcoin purchases by Strategy have absorbed some of the selling pressure, which may limit further downside and mean that the extreme bearish scenario may not fully play out. (Cointelegrap)

BTC-0,57%

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