Bitcoin could face another steep decline if a developing wedge pattern breaks down, warns market technician Aksel Kibar. His analysis suggests a potential drop toward $52,500. Kibar emphasizes this is not a broad prediction or sentiment call, but a technical risk signal based on the same pattern he identified before Bitcoin’s previous selloff.
In a recent post on X, Kibar noted: “See my analysis at the time of the previous bearish wedge pattern. A similar pattern might be developing. Not a prediction. Breakdown of the lower boundary will be the signal for a possible move towards 52.5K.” He clarifies that he is not stating Bitcoin will definitely reach that level, but rather that a confirmed break below the structure—currently around $66,000—would create a path toward it on the chart.
Kibar also highlights the importance of using charting for risk management. “If you got in with a chart signal, you should get out with the chart signal,” he wrote, adding that stepping aside when conditions aren’t favorable helps protect capital and frees it for other opportunities. His message focuses less on predicting a crash and more on respecting technical invalidation when a setup fails.
This follows Kibar’s earlier call on January 19, when Bitcoin was consolidating below the 365-day exponential moving average (EMA), which he uses as a long-term trend filter. At that time, with price inside a rising wedge and facing rejection near $97,000, he pointed to a potential test of the $73,700–$76,500 support zone. That area was later tested, and the subsequent decline extended toward $60,000 before a rebound began forming what may be another similar wedge.
Kibar is a respected Chartered Market Technician and founder of Tech Charts LLC, with prior experience as a senior technical analyst and fund manager at National Bank of Abu Dhabi and a portfolio manager at Abu Dhabi Investment Company. He is also a recognized presenter and contributor with the CMT Association.
For traders, the takeaway is clear: while Bitcoin remains within the wedge or breaks higher, bulls have little to worry about. However, a drop below $66,000 could trigger a move toward $52,000. At the time of writing, Bitcoin is trading at $70,259.
Frequently Asked Questions
Of course Here is a list of FAQs based on the headline Bitcoin could fall to 52000 warns veteran analyst Aksel Kibar
General Beginner Questions
Q1 Who is Aksel Kibar and why should I care about his warning
A Aksel Kibar is a wellknown technical analyst in the financial markets His warnings are based on chart patterns and historical price action which many traders use to gauge potential market movements
Q2 What does fall to 52000 mean Is that a prediction or a guess
A Its a technical analysis forecast not a certainty Analysts like Kibar identify key price levels on charts where they believe buying or selling pressure could intensify 52000 is identified as a major potential support level
Q3 Should I panic and sell all my Bitcoin if I see this warning
A No you should not panic Analyst predictions are one piece of information Its crucial to consider your own investment strategy risk tolerance and longterm goals rather than reacting to a single headline
Q4 What is technical analysis and how is it different from fundamental analysis
A Technical analysis studies past price charts and trading volume to predict future movements Fundamental analysis looks at underlying value Kibars warning is based on TA
Advanced Market Mechanics Questions
Q5 What specific chart pattern or indicator is Kibar likely referring to
A While the exact analysis isnt detailed in the headline a drop to 52000 would typically reference a key support levela price zone where buyers have historically stepped in It could also relate to a break below a major trendline or moving average
Q6 If Bitcoin falls to 52000 what happens next Could it go lower
A If it hits 52000 analysts will watch to see if the price holds or breaks down A decisive break below that level could open the door to further declines toward the next major support potentially in the 48000 50000 range