Bitcoin’s unusually quiet price action is setting the stage for a sharp move. After days of trading in a tight range near the $90,000 level, analysts say the market is approaching a turning point, with some warning that a deeper correction toward $50,000 could still be on the table.
Bitcoin volatility hits extreme lows
Bitcoin spent the weekend moving sideways, offering little direction to traders as price action remained compressed below key resistance levels. Data from Cointelegraph Markets Pro and TradingView showed BTC failing to reclaim lost ground after slipping under $90,000 ahead of the weekly close.
This lack of movement has pushed volatility to what traders describe as extreme lows. Historically, such conditions rarely last long. Market participants are now watching closely, expecting a decisive breakout or breakdown as Bitcoin approaches a critical technical zone.
Traders see a breakout or breakdown “around the corner”
Several analysts believe Bitcoin is nearing a moment of resolution. Trader Aksel Kibar noted that the current setup often precedes a strong directional move, pointing to two possible scenarios. One involves a breakdown from a bear flag pattern, potentially dragging BTC into the $73,700 to $76,500 range before a medium-term bottom forms.
On the bullish side, Kibar said a clean break above $94,600 could quickly open the door to a push toward $100,000. Other traders echoed the caution. Ted Pillows highlighted $92,000 to $94,000 as the key zone Bitcoin must reclaim to regain upside momentum, while a loss of support around $88,000 could trigger a slide toward $85,000.
Bear market fears revive $50,000 Bitcoin target
Beyond short-term price action, some analysts are growing more pessimistic about Bitcoin’s broader market structure. Onchain analytics firm CryptoQuant warned that several indicators now resemble early bear market conditions. These include falling moving averages acting as resistance and stronger selling pressure during downturns.
CryptoQuant contributor Pelin Ay said buying volume continues to weaken during recovery attempts, while selling pressure dominates red candles. According to her analysis, Bitcoin is currently reacting within a bearish structure, with rallies lacking conviction. She added that even though Ether has shown relative strength, it has not been enough to shift the overall outlook.
Ay concluded that the recent Bitcoin rally may already be over, warning that a deeper correction toward the $50,000 region could occur before the next sustained upside move.