Analysts warn that Bitcoin may fall to the $54,000 range within the next five months.

Crypto market analyst Wedson stated that Bitcoin's 720-day Tactical Bull-Bear Sentiment Index has fallen into extremely bearish territory, indicating that prolonged market fear may be nearing its end. Historically, such low levels have often been accompanied by a so-called "shakeout," after which Bitcoin enters a more robust rebound phase. For example, in 2022, when this index was low, Bitcoin fell by more than 20%; in a similar situation in 2018, Bitcoin fell by about 50%. Wedson warned that Bitcoin could experience a sharp drop of approximately $15,000 over the next five months, meaning BTC could fall from its current price to the $54,000 price range, implying that the $50,000–$55,000 range is a key support level for Bitcoin. Nevertheless, recent large Bitcoin purchases by Strategy have absorbed some selling pressure, potentially limiting downside and preventing the extreme bearish scenario from fully materializing. (Cointelegrap)