Bitcoin (BTC) traded sideways on Saturday, following a period of pronounced market weakness.
Notably, over the past seven days, the world’s largest cryptocurrency declined by nearly 7%, prompting investors and traders to assess the broader market outlook.
However, amidst this dip, analysts remain optimistic that Bitcoin could stabilize and eventually resume an upward trajectory.
According to popular on-chain analyst Willy Woo, although investor selling pressure has temporarily eased, Bitcoin is likely entering only a short-term consolidation phase that could last several weeks.
“This bearish sell down by investors seems to have exhausted, which gives price a reprieve to consolidate sideways for maybe a month, even a rebound to mid-70s, which would likely be rejected,” he stated.
He emphasized that the broader market environment remains heavily bearish, with both spot and futures liquidity deteriorating.
The analyst further outlined his expectations for the timing of a potential market recovery. He projected that the bearish trend could persist through Q4 2026, with any sustained bullish momentum unlikely to return until Q1 or Q2 of 2027.
Additionally, according to analyst Woo, a typical bear market bottom for Bitcoin would hover around $45,000.
Even though he warned that in the event of a severe global macroeconomic breakdown, support levels could extend down to $30,000, with $16,000 representing the ultimate line to preserve Bitcoin’s long-term bull trend.
The pundit added that Bitcoin has predominantly existed within a secular global macro bull market since its inception in 2009, noting that macroeconomic disruptions remain a significant risk factor for the cryptocurrency.
Meanwhile, analyst Onchain Lens highlighted that the market reacted sharply following Israel’s attack on Iran.
According to his analysis, a notable whale investor identified as “pension-usdt.eth” reportedly opened a three-times-leveraged long position of 1,000 BTC, which has since incurred floating losses exceeding $3.3 million.
Furthermore, analyst Crypto Patel issued a warning regarding a potential technical breakdown.
The analyst flagged a bearish flag formation for Bitcoin, cautioning that a breakdown below $63,000 could trigger a significant market drop toward $45,000, a decline of approximately 30%.
His alert served as a reminder to investors of BTC’s vulnerability to sharp corrections under current market conditions.
Elsewhere, analyst Ted noted that Bitcoin fell below the $66,000 mark alongside declines in U.S. stock futures, with NASDAQ futures down 0.42% and S&P 500 futures down 0.43%, amid rising U.S.-Iran tensions.
At press time, BTC was trading at $68,880, up 4.32% over the past 24 hours.
Source: https://zycrypto.com/willy-woo-warns-bitcoin-to-continue-bear-market-descent-to-30000-until-q4-2026/
