Bitcoin - Avoid BTC at all cost! What is coming will blow you.

[cryptoenthusiast]

I strongly recommend selling your Bitcoin holdings now or in the near future, because in 2026 we will see Bitcoin below 60,000 USD! I will tell you why in this analysis.

But first let's look at the local price action on the daily chart and what is going to happen with Bitcoin in the short term. I expect Bitcoin to fall to 110,600 in the immediate short term; this is my first profit target for the intraday position. Why is 110,600 a strong support? We have the first FVG on the daily chart that has never been tested, and also we have a 100-day moving average. This is a pretty good support for intraday trades.

Later in September we will probably see Bitcoin at 104,800. Why is 104,800 a strong support? We have to look at the previous price action from May to July, because we have a range/bull flag, and there is also an unfilled FVG. The previous major swing low of 105,130 is something where people put a lot of stop losses below it. That's a magnet for whales; they probably want to buy here. Also, there is the 0.382 Fibonacci retracement level of the previous impulse wave.

Why is Bitcoin so bearish now? Well, we have completed an impulse wave 12345, and also the red trendline is breaking down! That's in general a bearish price action. Early in the article I was talking about 60k BTC - for this, you need to look at my previous analysis to understand the full picture.

Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!

[Nahid10]

This is the kind of analysis that stands out The call for 110,600 as intraday support is very sharp, especially since it aligns with untested demand zones and the 100-day MA. Your explanation around 104,800 being a “whale magnet” is on point — people forget how important stop-hunt liquidity is in shaping BTC moves.

The bearish bigger picture is definitely worth paying attention to. A full correction toward 60k in 2026 would scare the crowd but open insane accumulation opportunities for patient traders. Totally agree that trading isn’t just about catching green candles — it’s about positioning with structure and discipline.

If possible, I’d love to see your take on Solana (SOL) in the current market — it’s been moving with crazy volatility and I wonder if it’s setting up for another big leg.

[kelson10]

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[kelson10]

Really detailed breakdown! I like how you tied the short-term levels (110,600 & 104,800) with technical confluence like FVGs, moving averages, and Fibonacci retracement. The liquidity sweep idea below 105,130 makes a lot of sense too — whales love hunting those stops.

Your mid-term bearish outlook also resonates. The completed 12345 impulse wave combined with the trendline break does suggest downside momentum. If BTC really does revisit sub-60k levels in 2026, it would shake out a lot of overleveraged players and set the stage for a healthier long-term cycle.

Could you also check Ethereum (ETH) for me? I’m curious if its structure shows similar weakness or if it’s holding up stronger than BTC right now.