Биткоин может упасть до $76 000, но долгосрочные держатели не теряют надежды на бычий тренд Headline: Bitcoin Could Drop to $76,000, But Long-Term Holders Remain Optimistic About Bullish Trend

Long-term holders believe that the bullish trend is not yet over.

Following a pullback to $80,000, the price of the leading cryptocurrency has remained within an upward channel, which risks forming a «bear flag.» A trader known as Roman has predicted a decline in quotes to $76,000.

«It’s time to drop to $76,000. Bearish divergences and overall dynamics confirm this forecast,» he stated, attaching a chart showing price, volume, RSI, and MACD.

According to the expert, positive macroeconomic factors (including the Federal Reserve’s rate cut) and the stock market no longer impact digital assets.

«Bitcoin has already surged by 750% from its low of $15,600 in 2022. The bullish rally is over. We should prepare for the next one, after which prices might drop to $50,000,» he added.

Investor Ted Pillows also pointed to the potential formation of a «bear flag,» drawing parallels to the correction in 2022.

«The similarity between the current cycle and the previous one is truly shocking. If the scenario repeats, we could see a rise to $100,000, followed by a drop below $70,000,» he wrote.

Options traders are also betting on a decline in digital gold. According to Glassnode, the activity has shifted towards puts even after the Federal Reserve meeting.

«The market is stabilizing, but the foundation remains fragile. The price movement is constructive; however, liquidity is low, and flows into ETFs are divided — a clear sign of a market searching for direction rather than following it,» noted Timothy Misir, head of research at BRN, in a comment to CoinDesk.

At the time of writing, Bitcoin’s price stood at $92,500, having increased by 3% over the last day.

However, there are also positive indicators — long-term holders believe that the bullish trend will persist.

CryptoQuant contributor CryptoOnchain pointed out a rare divergence on Binance. The volume of coin withdrawals reached record levels, while the replenishment figure hit a low not seen in years.

The 30-day moving average of deposits on Binance has fallen to its lowest point since 2017 — approximately 320 transactions per day.

«This indicates a significant shift towards self-custody, despite Bitcoin trading near all-time highs,» the expert commented.

He stated that while the leading cryptocurrency remains in its current range, market participants are not inclined to sell.

The present situation creates a classic «supply shock» scenario, noted CryptoOnchain.

«When Bitcoin peaks, an influx of coins to exchanges is expected as long-term investors take profits. Currently, the opposite is happening: liquidity is leaving trading platforms, and new sales volumes are not forming. This anomaly demonstrates unprecedented investor confidence in the continuation of the bullish trend,» he concluded.

It’s worth mentioning that analysts have ruled out a «Santa Claus rally» for the leading cryptocurrency. They stated that the Federal Reserve’s cautious stance will postpone the breaking of historical highs until at least spring.