Bitcoin Price Still Losing Blood! Analysis Company Revealed Their Expectations for the Future, Issued a Warning!

According to Wolfe Research, Bitcoin investors may need to be prepared for more volatility after this week's sharp sell-offs.

The world's largest cryptocurrency fell by approximately 21% from its all-time high, dropping below $90,000 for the first time since November amid a broad risk-off sentiment in financial markets.

Wolfe analyst Read Harvey stated that Bitcoin is currently at a very critical point. In a research report, Harvey said, "We can return to the range between the middle of $70,000 and six." Harvey pointed out that $91,000 had previously acted as a strong support level in recent months. Harvey said, "With the definite disappearance of this level, anything less than another extreme sell-off reaction in the form of a V will send a very downward message. It's not looking good for now."

Harvey warned that if the downward pressure continues and the bullish sentiment weakens further, Bitcoin could retreat to levels seen before the post-election breakout.

Bitcoin's decline to a three-month low occurred in the absence of a clear catalyst. Optimism about its crypto-friendly stance increased, especially after the widely anticipated executive order on digital assets following the election of crypto-friendly President Donald Trump. However, concerns about the slowing economy and widespread selling in stocks contributed to Bitcoin's recent decline.

Harvey said, "Not only in global stock markets, but also in commodities and crypto, there are clear fluctuations," and added: "Uncertainty is forefront in investors' concerns and the willingness to take risks is rapidly decreasing."

Despite the recent decline, Bitcoin has shown a 23% increase since the election, but has lost 8% of its value so far in 2025.