A pair of crypto market analysts are warning Bitcoin (BTC) holders to expect more downside rather than a clean break into a new bull market.
CoinDesk reports that one analyst, Orbion, said Bitcoin could be preparing for another major correction in the $40,000 range. The argument goes through a “bull trap” framework. Orbion described the recent rally above $79,000 as a move that briefly attracted buyers before selling pressure pushed price back toward prior lows, according to the source text.
The same CoinDesk summary claims Orbion sees limited demand at higher levels and argues the market is forming what he calls a final bear-market bottom. The text also says Orbion’s chart shows weakening momentum during rebounds, with price action marked by lower highs and lower lows inside a narrow descending channel.
CoinDesk further states that Orbion is targeting a scenario that could produce another lower high below $45,000 and a potential move into the $40,000 region. It also says a second analyst, KillaXBT, claimed Bitcoin has “absolutely zero chance” of surpassing or even reclaiming $100,000 this year, and argued that sentiment has not yet reached “true capitulation.” The source text adds that KillaXBT expects the next 90 days to be volatile, with sharp and difficult-to-predict swings, and a higher likelihood of moves toward sub-$60,000 than a recovery back above $100,000.
None of these views are risk-free. They are forecasts about BTC’s price path, not guarantees, and they rely on chart-based interpretation. As always, investors treating BTC as an asset should weigh volatility risk and refrain from assuming an analyst’s scenario plays out exactly as described.