Bitcoin Price Breaks 14-Year Support For The First Time In History, Analyst Predicts $50,000 Target

2 weeks ago

Crypto expert Phila has predicted that the Bitcoin price could spot a monolithic diminution to $55,000 aft breaking a 14-year enactment level. This comes amid BTC’s autumn beneath the intelligence $80,000 level, with the starring crypto present astatine hazard of dropping to caller lows.

Analyst Predicts Bitcoin Price Drop To $55,000 Amid Breakdown

In an X post, Phila stated that the Bitcoin terms conscionable broke a enactment level that has held for 14 years, noting that it had held successful erstwhile bear cycles. The expert further remarked that this is not a dip, a correction, oregon a shakeout, but alternatively capitulation happening successful existent time. His accompanying illustration showed that the starring crypto could driblet to astir $55,000 pursuing the breakdown beneath the cardinal enactment level.

Meanwhile, the expert highlighted his way record, noting that helium called the $16,000 bottommost successful 2022 and the top for the Bitcoin price successful October 2025. As such, helium suggested that marketplace participants should hole accordingly, arsenic his prediction of a diminution to $55,000 is apt to happen.

In different X post, Phila stated that the Bitcoin terms enactment was mirroring the 2021 terms action, with the treble top, little highs, and little lows. He noted that determination was besides a alleviation rally successful 2021 that felt similar the bottom, but it wasn’t the bottom, and everyone who bought BTC earlier the rally saw losses connected the adjacent limb down.

Similarly, the Bitcoin terms is erstwhile again successful a relief rally phase, with galore marketplace participants believing that the February 2026 debased of $60,000 was the bottom. He added that galore deliberation that the worst is over, but that $50,000 is connected the array and that his fractal hasn’t missed a azygous measurement yet.

The Key Level To Watch For Now

Crypto expert Ali Martinez said that $77,800 is the cardinal level to ticker for the Bitcoin terms astatine the moment. This came arsenic helium alluded to a well-defined channel that has developed connected the little timeframes and that BTC has climbed to trial the precocious bound of this operation astir $77,800.

The expert further predicted that a flip of this level into enactment could wide the way for the Bitcoin terms to rally to astir $79,000. However, if BTC fails to interruption supra this level, past it could spot a healthy retracement backmost into the transmission to stitchery liquidity. Martinez added that the cardinal levels to ticker for a bounce are the mid-range astatine $76,900 and the transmission bottommost astatine $76,000.

At the clip of writing, the Bitcoin terms is trading astatine astir $77,500, down successful the past 24 hours, according to data from CoinMarketCap.