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Home»Bitcoin»Analyst predicts a 30% Bitcoin price drop to $50,000, here’s when
Bitcoin

Analyst predicts a 30% Bitcoin price drop to $50,000, here’s when

2026-04-23No Comments3 Mins Read
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The question of whether the Bitcoin price has reached a definitive bottom remains a major topic of discussion as analysts remain unconvinced that the flagship cryptocurrency has reached a definitive bottom. A recent analysis by market expert Maxi Trades suggests that Bitcoin could be positioning for another major correctionpredicting a 30% crash that could push the price to a new low near $50,000. The bearish outlook has added to the market’s growing uncertainty over Bitcoin’s price direction, especially after that of the cryptocurrency last recovery above $78,000.

Historical patterns indicate an impending Bitcoin price crash

In his BTC price analysis shared on X this week, Maxi Trades used historical data and recurring chart patterns to support his bearish outlook for Bitcoin and projected bottom target. The analyst noted that the Bitcoin price has been stuck within a certain range for more than two and a half months now. He pointed out that a decisive breakout, either up or down, has historically followed such a prolonged consolidation.

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According to Maxi Trades, Bitcoin has shown a similar picture the past three times range-related movementit took about 64 to 114 days for an outbreak to occur. His accompanying map reflects this historical setup and shows it during the first long-term consolidationBitcoin traded sideways for 64 days before rising 14%.

Bitcoin price
Source:

In the second instance, the cryptocurrency remained range-bound for 114 days, followed by a decline of around 27%. In a third similar formation, Bitcoin consolidated for 77 days before recording a 33% price crash. Based on this recurring trend, the analyst believes that Bitcoin could be approaching another major volatility event Downside risk is still on the table once the current range-bound movement is resolved.

See also  The Daily: Bitcoin Briefly Drops Below $90,000, Mt. Gox moves nearly $1 billion in BTC, Cloudflare outage hits crypto sites, and more

Analyst sees Bitcoin’s real bottom around $50,000

In its post, Maxi Trades noted that despite Bitcoin remains in a bear market for more than six months since October 2025 all-time high above $126,000The price action shows no signs of a true bottom formation yet. Therefore, he argued that the market has probably not yet reached the final capitulation phase.

Related reading

As a result, the analyst said he is confident that BTC’s next breakout will have a downside, he warned another major price crash before a real market bottom is located. He added that if the current cycle develops within a certain range like previous periods, the market may still have time left before the expected breakout.

Maxi Traders further noted that if its bearish scenario plays out and Bitcoin falls below its recent lows, the cryptocurrency could experience a quick correction towards $50,000, which represents a drop of more than 36% from current levels above $78,000.

Bitcoin price chart from Tradingview.com
BTC Bulls Push for Higher Prices | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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Analyst Bitcoin Drop Heres Predicts Price
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