The post Analysts Expect More Pain Ahead as Bitcoin Searches for a Bottom appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s painful drop has not finished playing out, according to multiple market analysts, despite a short-lived jump above $85,000 earlier in the day. Key Takeaways: The rebound above $85K wasn’t a real recovery. BTC is likely to range and retest lows before finding a bottom. Breaking multi-year support means more downside risk remains. The relief rally, triggered by dovish signals from the Federal Reserve, failed to flip market sentiment, and traders are now preparing for a choppy consolidation phase rather than a fast recovery. Market Still Searching for Support Cryptocurrency strategist Steven Ehrlich argues that Bitcoin remains deep in bear-pressure territory, noting that buyers have shown no convincing strength yet. Technical metrics, he says, point toward a prolonged correction rather than a reversal. What makes this decline especially notable, in his view, is Bitcoin’s impact on the rest of the market — “BTC is steering the ship this time,” not simply responding to broader sentiment. Adding to the cautionary outlook, Ehrlich highlights the breakdown of Bitcoin’s multi-year ascending price channel, a structure that had cushioned BTC since 2023. Losing that key support, first built during the Trump-era bull run, now forces traders to identify a new foundational level from scratch. A Range-Bound Battle May Come First Popular market analyst Michaël van de Poppe has echoed similar caution but with a different angle. He expects Bitcoin to form a base only after weeks — possibly months — of turbulent sideways movement. In his breakdown, the market could repeatedly revisit both lower levels and the $87,000–$90,000 region before any real direction appears. Things will take time. However, in this area we’re likely going to form a base for $BTC. That means:– Test the lows multiple times.– Test $87-90K multiple times. Until that range-bound period is over (can be short) we’ll likely… The post Analysts Expect More Pain Ahead as Bitcoin Searches for a Bottom appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s painful drop has not finished playing out, according to multiple market analysts, despite a short-lived jump above $85,000 earlier in the day. Key Takeaways: The rebound above $85K wasn’t a real recovery. BTC is likely to range and retest lows before finding a bottom. Breaking multi-year support means more downside risk remains. The relief rally, triggered by dovish signals from the Federal Reserve, failed to flip market sentiment, and traders are now preparing for a choppy consolidation phase rather than a fast recovery. Market Still Searching for Support Cryptocurrency strategist Steven Ehrlich argues that Bitcoin remains deep in bear-pressure territory, noting that buyers have shown no convincing strength yet. Technical metrics, he says, point toward a prolonged correction rather than a reversal. What makes this decline especially notable, in his view, is Bitcoin’s impact on the rest of the market — “BTC is steering the ship this time,” not simply responding to broader sentiment. Adding to the cautionary outlook, Ehrlich highlights the breakdown of Bitcoin’s multi-year ascending price channel, a structure that had cushioned BTC since 2023. Losing that key support, first built during the Trump-era bull run, now forces traders to identify a new foundational level from scratch. A Range-Bound Battle May Come First Popular market analyst Michaël van de Poppe has echoed similar caution but with a different angle. He expects Bitcoin to form a base only after weeks — possibly months — of turbulent sideways movement. In his breakdown, the market could repeatedly revisit both lower levels and the $87,000–$90,000 region before any real direction appears. Things will take time. However, in this area we’re likely going to form a base for $BTC. That means:– Test the lows multiple times.– Test $87-90K multiple times. Until that range-bound period is over (can be short) we’ll likely…