A market analyst has warned that Bitcoin could be heading toward a major downturn, potentially worse than the March 2020 crash. The concern comes as BTC slipped below $68,000 after a brief rebound, with ongoing geopolitical tensions and broader market weakness weighing on sentiment. The recent rise toward $76,000 is being described as a possible “bull trap,” suggesting the move may have been driven by short-term liquidity rather than sustained demand.
According to the analysis, Bitcoin remains within a wide consolidation range and lacks strong upward momentum. Key resistance is identified between $79,000 and $84,000, while downside targets could extend back to the $57,000–$60,000 zone. Short-term rallies are viewed as temporary moves before potential further declines, as traders remain cautious amid uncertain macro conditions.
