{"id":2086,"date":"2026-07-01T00:23:07","date_gmt":"2026-07-01T00:23:07","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2086"},"modified":"2026-07-01T00:23:07","modified_gmt":"2026-07-01T00:23:07","slug":"bitcoin-could-fall-into-the-40000s-before-bottoming-bitfinex-analysts","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2086","title":{"rendered":"Bitcoin Could Fall Into the $40,000s Before Bottoming: Bitfinex Analysts"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

\ud83d\udcc8 Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n

<\/p>\n

According to on-chain indicators reviewed by analysts at the crypto exchange Bitfinex, bitcoin (BTC) still has some way to go before it bottoms out in this bear cycle.<\/p>\n

The latest Bitfinex Alpha report<\/a> revealed that the leading digital asset could decline further into the $40,000s by the end of this year as more investors exit the spot market.<\/p>\n

A Possible Drawdown Into the $40Ks<\/h2>\n

In past market cycles<\/a>BTC has always declined at least 70% from its all-time highs (ATHs) before bottoming out and recovering. During the 2022 bear market, BTC fell 78% from $69,000, while in 2018, it plummeted 86% below cycle highs near $20,000.<\/p>\n

Based on previous drawdown patterns and the time horizons between tops and bottoms, BTC is likely to extend its ongoing decline into the $40,000s. The asset is currently 53.9% down from its ATH of $126,000; dropping into the $40,000s will bring the decline to at least 68%. Additionally, analysts believe BTC could reach<\/a> its bear-cycle bottom in the fourth quarter of 2026 if cycle estimates account for<\/span> price moves relative to moving averages.<\/p>\n

Analysts say BTC’s structural levels remain unchanged, even though the asset\u2019s floor gave way over the weekend. With the coin trading near $60,000 at press time, it is positioned beneath the True Market Mean of $77,000, a level representing the average cost basis for active investors. This level also serves as a demarcation between bullish and bearish market regimes, so bitcoin\u2019s price action will continue to be defined by a structural bear market environment.<\/p>\n

Spot Demand Still Weak<\/h2>\n

After breaking below the $61,500 support level and falling to a new bear cycle low of $58,136 last week, $53,400 is now the key support level to watch. The move towards $58,000 reflects weakening spot demand as seen in short-term holder selling, exchange-traded fund (ETF) outflows<\/a>the collapse of the digital asset treasury channel, and negative gamma pressure.<\/p>\n

Unlike previous declines, there were no large-scale liquidations and flushes in open interest as BTC fell below $60,000 last week. This substantiated the fact that the fall was a structural exodus within the spot markets. With the market\u2019s primary demand engine missing, bitcoin\u2019s price is likely to remain weak and continue a downtrend in the coming weeks.<\/p>\n

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\u201cBut the market awaits a resurgence of spot demand to be able to find a floor and potentially turn higher,\u201d analysts explained.<\/p>\n<\/blockquote>\n

The post Bitcoin Could Fall Into the $40,000s Before Bottoming: Bitfinex Analysts<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n

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\ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. According to on-chain indicators reviewed by analysts at the crypto exchange Bitfinex, bitcoin (BTC) still has some way to go before it bottoms out in this …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2086","post","type-post","status-publish","format-standard","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2086"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2086\/revisions"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}