Analyst Predicts Bitcoin Could Fall to $28k After 38% Drop from $74k Support
Crypto analyst Jussy warns Bitcoin (BTC) may not have reached its bottom and is repeating a 2022-style bear structure. Comparing weekly charts, Jussy identifies a double-top in 2025 above ~$120,000 followed by a sharp breakdown through key support near $74,321 and a multi-week consolidation resembling the 2022 bear flag. Using the same post-flag percentage decline seen in 2022, the analyst projects an initial drop toward ~$46,199 (≈38% from the $74,320 region), with a possible final bottom near $28,301 before a meaningful recovery. Current BTC price in the analysis is cited near $65,000 after breaking below $100,000. The forecast highlights risk of deeper losses and suggests traders should prepare for extended downside pressure and volatility. Primary keywords: Bitcoin, BTC price, bear flag, market bottom, support levels.
Bearish
The article relays a technical-analysis driven forecast that maps current price action to a prior 2022 bear cycle and predicts significant downside: an intermediate 38% drop toward ~$46k and a deeper final bottom near ~$28k. That structure — double-top, break of a major horizontal support (~$74k), then a bear-flag consolidation leading to another collapse — signals continuation of a bearish trend if price follows the same trajectory. For traders, this increases short-term downside risk, favors short positions or defensive risk reduction (tight stops, reduced leverage, hedges), and implies higher volatility around support zones. Historically, Bitcoin’s 2022 breakdown and subsequent 38–39% leg produced extended capitulation and a prolonged accumulation phase before recovery; if history repeats, the market could see similar prolonged weakness before structural recovery. Long-term holders who dollar-cost average may view lower levels as accumulation opportunities, but active traders should prepare for stop hunts and sharp rebounds. Overall, the analysis points to heightened downside pressure in the short-to-medium term and a cautious stance until price confirms reclaiming key levels (e.g., above $74k–$100k).