As of August 1, 2026, the best answer to whether bitcoin will keep going down is no, not in a simple straight line. Public forecasts from major firms are split between a later recovery and an extended period of weak, range-bound trading.
What “keep going down” really means
Most people asking this are not focused on a single red day. They want to know if downside momentum is still in control, or if recent weakness is turning into consolidation instead of a fresh leg lower.
That distinction matters. A market can fall, bounce, and still remain in a broad range. It only starts to look like a continuing downtrend when rebounds fade quickly, buyers stop stepping in, and support levels fail one after another.
Why major forecasts do not point in one direction
The public calls in this cycle do not tell one clean story. Bernstein, in a report published on 2026-06-15, set a target of 150,000 dollars for the end of 2026. That is still a bullish view, even though the firm had already cut its outlook from a higher level and shifted toward a recovery into the 100,000 to 150,000 dollar zone first.
Standard Chartered, in its forecast published on 2026-02-12, gave a 100,000 dollar target for the end of 2026. Its stance is better described as cautiously bullish. The bank had already reduced its target twice, yet it kept a positive long-term view and said ETF flows were a key variable, which suggests it is not arguing for endless downside.
JPMorgan, in its 2026-02-01 view, was more constructive and projected 150,000 to 170,000 dollars during 2026. The bank tied that call to a bitcoin-versus-gold volatility model and said there was support near 94,000 dollars. That kind of framing points to downside limits rather than a market that must keep falling.
Still, more cautious voices are part of the picture. Galaxy Digital CEO Mike Novogratz, in comments published on 2026-07-10, said bitcoin could trade in a 60,000 to 80,000 dollar range through 2026 because a return above 100,000 dollars would be hard without a strong catalyst. Fidelity's Jurrien Timmer, in a view published on 2026-06-01, described 65,000 to 75,000 dollars as a consolidation zone for 2026 and argued that the four-year cycle remained intact, with the market in a post-peak consolidation phase.
What these forecasts suggest about further downside
The first takeaway is that there is no single institutional answer to the question “will bitcoin keep going down.” Some forecasts leave room for a recovery into year-end, while others frame the market as stuck in a choppy band for much of the year.
The second is that range trading appears again and again in the published calls. The 60,000 to 80,000 dollar band from Mike Novogratz and the 65,000 to 75,000 dollar consolidation area from Jurrien Timmer both suggest repeated back-and-forth trading, not a one-way drop.
The third is that flows and catalysts still matter most. Standard Chartered tied its view to ETF flows, while Mike Novogratz highlighted the lack of a strong catalyst. Put together, those comments imply that bitcoin can stay weak without necessarily entering a nonstop slide. Weak demand often produces chop before it produces trend.
Signals to watch if you think bitcoin may continue to fall
- Whether support holds: JPMorgan said in its 2026-02-01 view that support existed near 94,000 dollars. If a market cannot defend key support, bearish expectations usually grow.
- Whether rebounds last: A short bounce does not mean the trend has changed. If each recovery is sold quickly, sellers are still in control.
- Whether new money returns: Several forecasts revolve around flows. Without fresh demand, bitcoin often struggles to move from weakness into a durable recovery.
- Whether price is consolidating or breaking down: Sideways movement inside a range is different from a steady sequence of lower lows. The first can frustrate both bulls and bears; the second usually signals a deeper problem.
For most readers, those signals are more useful than trying to predict tomorrow's candle. The real issue is not whether bitcoin is down on a given day. It is whether the market is building a base or losing structure.
FAQ
Is bitcoin still in a downtrend right now?
As of August 1, 2026, public forecasts do not show a unanimous call for bitcoin to keep falling. A fair reading is that the market remains fragile, but several major views lean toward consolidation rather than a straight continuation lower.
Will bitcoin continue to go down from here?
It can, but that is only one possible path. If catalysts stay weak and capital does not return, price can remain under pressure; if support holds and demand improves, bitcoin may shift from decline into a broad trading range or recovery.
Why are some firms bullish while others stay cautious?
They are using different frameworks. Some focus on ETF flows, some on cycle structure, and some on cross-asset valuation models, so the same market can produce different forecasts.
How is consolidation different from continued decline?
Consolidation means price keeps moving inside a band, with buyers and sellers both pushing back. Continued decline usually shows up as weaker rebounds, repeated support breaks, and lower lows over time.
What should investors watch first?
Start with support, flow trends, and the presence or absence of a clear catalyst. If none of those improve, taking large positions too early can expose you to more volatility than expected.
If you are deciding whether to act, focus first on support behavior, signs of returning demand, and whether the current range breaks with conviction. Position size and timing matter more here than trying to call the exact bottom.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency prices are highly volatile. Always do your own research.