Bearish Bitcoin Analysts Predict BTC Price Can Drop to as Low as $50K

Bitcoin (BTC) has finally slipped below a key support level below $84,000, which has been in place since mid-November 2025. Where will the BTC price action be next?

Key Path:

• Bitcoin fell to a two-month low of $81.00 on Thursday, adding to $1.6 billion in longs.

• Some analysts have predicted a deep decline in a prolonged bear market targeting the $50,000-$58,000 range.

Bitcoin sentiment at record low suggests “no upcycle”

Bitcoin extended its selloff in the late New York trading session on Thursday, paring a two-month low of $81,000.

Support at the 2026 annual open ($87,000), the 100-day moving average and the $84,000-$86,000 demand zone failed to deter sellers as crypto long liquidations cleared $1.6 billion. Bitcoin wiped out more than $750 million of long positions on its rout.

Related: Bitfinex Bitcoin Longs Target Highs From Late 2023: Is A Rally To 100k Possible?

The risk-off outlook reflected negative investor sentiment, falling to “extremely fearful” at 16 from yesterday’s reading of 26.

🚨 UPDATE: Crypto fear and greed index falls to 16, indicating extreme fear as yesterday’s reading of 26 dampens market sentiment. pic.twitter.com/tdn5rzo6or

— cointelegraph (@cointelegraph) January 30, 2026

“Bitcoin’s fear and greed index has hit 16, indicating extreme fear,” added analysts at CryptoTownhall.

“Such levels historically reflect heavy risk-on sentiment and capitalization-driven conditions, often seen during rapid downs or leveraged flushes.”

Economist Timothy Peterson pointed out that consumer sentiment is approaching record lows, with “the 5-year average at an all-time low.”

“People just don’t buy bitcoin or any other risky asset in an environment like this,” he said in a Friday post on X.

“There is no upcycle until it reverses.”

As QuantelGraph points out, the “extreme fear” among investors is a reflection of the “painful” conditions seen in the aftermath of the FTX crash, suggesting uncertainty and unpredictable volatility in BTC prices in the near term.

Analysts say that BTC, 000 could go down in 50,000

As Bitcoin sentiment continues to decline, analysts expect bear market conditions to persist for longer periods and with lower price targets.

These include the 200-week moving average, which is “often a great value area for long-term buying,” according to trader and analyst DonCryptoTrade.

“You can accumulate near these MAs, which gives you better value,” the analyst said in a Friday post on X.

“Over time the price can meet the moving average even if it moves around.”

Note that the 200-week SMA is currently at 57,974, which is shown in the chart below, coinciding with the downside target of the bear flag.

Such a move would represent a 30.5 percent drop from the current price and a 54 percent drop from the all-time high of $6,126,000.

Fellow analyst Keith Allen looks at the similarities between BTC’s current price action in the weekly time frame 2021-2022.

Bitcoin could see some “short-term rallies” from the near-range decline, he said in his latest analysis of X.

After U.S. President Donald Trump announced “Liberation Day” tariffs, Allen cited a lower price limit of 74,500 in April 2025.

The analyst said the BTC/USD pair will “eventually” fall below $74,000 in the absence of a “big” catalyst and is low on the 2021 highs of $69,000.

“I like it a lot more if it takes until August to get it down,” Allen added.

“If we sprint there in February, the 50k range will look more interesting to me later in the year.”

As reported by QuintalGraph, many analysts expect 2026 to be a bear market year, and various forecasts predict that the price of BTC will fall as low as $58,000.