Bitcoin sentiment has taken a significant downturn in recent weeks as its price dropped below $100,000. This has sparked a wave of bearish forecasts, with many analysts and investors convinced the decline is far from over. One analyst, known as Mr. Wall Street on X (formerly Twitter), predicts a steady fall, outlining how low Bitcoin could go and when the slump might end.
Could Bitcoin Fall Below $60,000?
In his post, Mr. Wall Street argued that Bitcoin has already peaked for this cycle and is now on a downward trajectory. While the chart indicates possible short-term price rebounds, he believes these will be temporary and followed by further declines.
As Bitcoin struggles to climb back above $100,000, the analyst warns that it’s more likely to keep falling, identifying the $74,000–$82,000 range as the next key level to watch. A drop from here would mean a loss of over 10% in Bitcoin’s value.
But the bearish outlook doesn’t stop there. Mr. Wall Street expects the downturn to extend into a prolonged bear market. With the year drawing to a close, he anticipates even tougher conditions in 2026, predicting Bitcoin could sink below $60,000—possibly as low as $54,000—by the final quarter. However, he sees this as the likely bottom and suggests it would be an ideal entry point to prepare for the next upward trend.
Head and Shoulders Pattern Reinforces Bearish View
Other analysts share this pessimistic view. Leshka.eth, for example, points to Bitcoin completing a head and shoulders pattern with a clear neckline, signaling a reset that has only just begun.
Notably, Leshka.eth also forecasts a drop of over 40% from Bitcoin’s all-time high, potentially bringing it down to around $40,000 sometime in 2026 before a bottom forms.
Featured image from Dall.E, chart from TradingView.com
Frequently Asked Questions
Of course Here is a list of helpful and concise FAQs about the potential for Bitcoin to plunge 40 from its peak
General Beginner Questions
1 What does a 40 plunge from its peak actually mean
It means the price of Bitcoin would fall by 40 from its highest recent price For example if the peak was 70000 a 40 plunge would bring the price down to around 42000
2 Why would Bitcoins price drop so dramatically
Major price drops can be caused by a mix of factors including negative news stricter government regulations a shift in overall market sentiment from greed to fear or large investors selling their holdings
3 Is this kind of volatility normal for Bitcoin
Yes historically Bitcoin has been highly volatile Large price swings both up and down are a common characteristic of the cryptocurrency market
4 Should I panic and sell my Bitcoin if I hear this forecast
Forecasts are predictions not certainties Panicselling based on a single analysts view is often risky Its better to have a longterm strategy and only invest what you can afford to lose
Analyst ForecastSpecific Questions
5 What is the main reason this analyst is predicting a 40 drop
While specific reasons vary by analyst common ones include technical chart patterns suggesting a downturn overbought market conditions or macroeconomic factors like rising interest rates making risky assets like Bitcoin less attractive
6 How accurate are these kinds of price predictions
Cryptocurrency price predictions are notoriously difficult and often inaccurate The market is influenced by too many unpredictable variables Its best to view any forecast as one of many possible scenarios not a guarantee
7 What is the Ultimate Forecast mentioned in the title
This is likely a catchy headline for the analysts detailed report which probably includes their specific price targets the timeline for the predicted drop and the key indicators they used to form their conclusion
Strategy Advanced Questions
8 If a drop happens is it a bad thing or a buying opportunity
This depends on your strategy For longterm holders a major price drop can be seen as a buying opportunity to acquire Bitcoin at a lower price For shortterm