Beware: Bitcoin Could Plummet to $26,000 if This Chart Pattern Plays Out
Bitcoin (BTC), the leading cryptocurrency, remains steady at $26,000 amidst regulatory uncertainty, but a concerning technical formation is raising eyebrows. According to a recent Bloomberg report, the price of Bitcoin could nosedive to as low as $26,000 if a bearish flag technical pattern plays out. This potential plummet is fueled by ongoing market pressures, as BTC struggles to break free from a stagnant price movement.
BTC Plunge Below $26,000 Imminent?
Bitcoin (BTC) experienced a significant drop in value, crossing the $26,000 USD threshold during today’s European morning, driven by the [BTC Plunge]. A report from Bloomberg states that if Bitcoin does not hold on to its resistance levels, the crypto could plummet to $26,000. Although Bitcoin has surpassed the $26,000 mark, bears remain hopeful for a return to previous lows, while bulls are optimistic as there is currently no major resistance 6 de sept. de 2025. Given the fundamentals pointed out by Santiment, Bitcoin could see a further plummet potentially dropping it below the $26,000.
One analyst, “Cold Blooded Shiller,” highlights a key pattern. Referencing a chart via TradingView, he pointed to a “90 day distribution at $10k – $13k vs 60 day current range for BTC.” If this pattern persists, a sharp correction could be on the horizon.
While the largest Bitcoin (BTC) remains steady at $26,000 amidst ongoing regulatory uncertainty in the cryptocurrency industry, the possibility of a drop to $26,000 remains a significant concern for investors. Watch the charts closely and be prepared for potential volatility.