The Bitcoin price has risen back above $69,000 after a big drop last week. While the price seems to be recovering From the downtrend, a market analyst has warned that BTC could still face another price crash. After predicting a drop above $100,000, the analyst now predicts a price drop to $29,000, which likely marks Bitcoin’s price drop. final bottom.
Bitcoin price may be in danger of crashing to $29,000
Market expert LavaXBT has shared two possible scenarios for Bitcoin’s next step. However, the analyst seems to be more bearish and predict that BTC could fall againand reaches a level not seen for years. In his ‘macro update’, shared on
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LavaXBT noted that its previous thesis for the first quarter of 2026 did not go as expected, despite most technical indicators being in line. He attributed this deviation to a lack of trading volume and the persistent geopolitical tensions that influence the market. Recently, the financial markets have experienced significant volatility Investors’ fears are growing amid the war between the US and Iran. Although Bitcoin appears resilient, conflict and reduced trust may still persist exert significant pressure on prices.
Given the analyst’s bearish outlook, he plans to short Bitcoin if the price rises again to $73,000, $78,000 and possibly $80,000. He emphasized that the current environment is not ideal for trading, given Bitcoin’s low volume and how unpredictable its price action has become.
LavaXBT also believes that a decline in Bitcoin could have consequences the broader altcoin market. He predicts that if BTC crashes to $29,000, altcoins will likely fall more. He also expects most altcoins to do so return to their 2022 crash prices or drop even lower.
As a result, the analyst has warned against buying altcoins at arbitrary levels. Instead, he suggests that traders and investors should wait until Bitcoin reaches a strong support level before considering accumulating altcoins. He emphasized the importance of patience, noting that he would wait and focus on higher opportunities as the Bitcoin price navigates the current bear market.
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Analyst Highlights BTC’s Potential Advantage
While predicting that Bitcoin could fall to $29,000, which is a drop of more than 58% below the current price of over $69,000, LavaXBT has also outlined the potential for strong upside. In his price chart, the analyst noted that Bitcoin’s chances of hitting an all-time high in this cycle would only increase if it regains the swing high around $93,000.
Once Bitcoin crosses this resistance zone, LavaXBT noted that the cryptocurrency will need to close above $120,000 before it can confirm its uptrend and reach higher highs. If this happens, he thinks the target for the next macro rebound is around $160,000, which is more than BTC’s current all-time high of $126,000 by approximately 27%.
Featured image created with Dall.E, chart from Tradingview.com