Bitcoin faces another wave of bearish forecasts. Renowned analyst and Stock-to-Flow (S2F) model creator PlanB stated that the probability of Bitcoin falling below $61,000 has surpassed 50%, and a further dip toward $53,000 is similarly more likely than not. PlanB’s S2F model, long used to gauge Bitcoin’s long-term value, has a track record of calling major cycle turns, and even with recent deviations, his outlook continues to sway community sentiment.
Meanwhile, technical trader QinJiuPiKe noted that automated trend indicator alerts show Bitcoin’s 3-day chart has entered a new downtrend, marking the start of a fresh leg down in the second half of the bear market. He sets a bottom target range of $42,000 to $44,000, which aligns with PlanB’s caution and reinforces near-term bearish expectations.
Binance’s all-time top contract trader 0xPickleCati added a blunt remark on his channel: “Speak of the devil — don’t try to guess the bottom in a bear market; in a few months you might find there’s no bottom.” The comment captures the loss of confidence in calling a floor, and the chorus of bearish views from prominent market participants deepens the uncertainty around Bitcoin’s short-term direction.