Bitcoin price could be in even more pain as a crypto analyst just released a gloomy short-term outlook. warning that another crash may be coming. The analyst believes that Bitcoin’s overall market structure remains bearish. As a result, he expects the price to fall to around $76,000, which represents a 20% drop from current levels.
Bitcoin price threatens to crash by 20%
Crypto market analyst Roman has done just that issued a warning that Bitcoin could be headed for another sharp decline, with its primary target approaching $76,000. In his post on X he emphasized that the current market structure does not demonstrate sustainable development price floor and that downside risk remains dominant.
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Roman explained that his bearish outlook is based on the daily time frame, where Bitcoin has struggled to regain strong bullish momentum after a significant correction. He also noted that the price is still trading within a broader bearish trendindicating that the market may simply be taking a break before the next move lower.
The accompanying chart shows BTC trading above $90,000 while still well below the previous resistance area at $96,000. Each attempt to move up has been rejectedindicating that sellers are firmly in control of the market.
Notably, Roman’s chart shows that the expected decline could start with a decline into the mid-$80,000s, followed by a deeper decline between $78,500 and $75,000. The hand-drawn projection on the chart also illustrates a sharp decline after a brief upswing, indicating that BTC’s decline could accelerate once support breaks through.
Volume behavior also plays a key role in Roman’s bearish outlook. The graph shows this clearly weak trading volume during Bitcoin’s recent rebound, which the analyst previously made said is typical of holiday-driven pumping.
Additional signals supporting analysts’ bearish forecast
Roman’s $76,000 Bitcoin crash prediction follows up on previous posts in which he explained several reasons why the leading cryptocurrency is in a bear market and could correct again soon. He referred historical indicator behavior to justify his latest prediction.
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The analyst explained that Bitcoin’s Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) were extremely oversold after his price decreased about 40% of all-time highs. As a result, the current consolidation has given these indicators a chance to reset.
Roman sees the lack of strong buying pressure during this reset as a warning sign. He emphasized that this is true bullish reversal would need rising volume and clear higher highs, which are not seen on the daily chart. The analyst also noted that Bitcoin’s longer-term trend remains bearish, with the market continuing to form lower highs within a bearish range. He has concluded that until clear reversal signals emerge, traders should view any upward move as corrective, not the start of a new bull run.
Featured image from Getty Images, chart from Tradingview.com