Bitcoin Breaks Key Support, Analyst Signals Lower Levels Ahead
Bitcoin’s price action has fallen into bearish territory after
Bitcoin Price Chart. Source: @XForceGlobal On X
Two Bearish Scenarios Point To The Same Zone
The resulting analysis shows two main scenarios of how Bitcoin’s price action can continue from here, both of which are converging on similar downside levels. The first is a flat correction, where Bitcoin is currently unfolding a C wave. Although XForceGlobal describes this as the least attractive option, it would still imply a full distribution range that invalidates a bullish structure and drags the Bitcoin price to as low as $60,000.
The second scenario is a macro ending diagonal structured as a WXY move to the downside. This scenario uses the October 2025 all-time high above $126,000 as a cut point to improve wave separation of the current price action. Interestingly, the price projection from this scenario also aligns with targets in the same $60,000 area. Despite different technical paths, both interpretations point to comparable downside risk over the medium timeframe.
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Now that the larger structure is now compromised, XForceGlobal says it makes sense to adopt a shorter-timeframe bearish bias while reorganizing the next wave count. The outlook is that Bitcoin continues its decline to at least $60,000 before rebounding to stage a return above $100,000.
Featured image from Pixabay, chart from TradingView
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