Following Trump’s directive to support digital currencies, Bitcoin surged from around $69,000 to a peak price around $126,000.
But after a period of major turbulence, Bitcoin began to lose value. Based on monthly Ichimoku timeframe analysis and Andrews’ Pitchfork, our models suggest Bitcoin could fall back to around $70,000 in the coming period.
We expect this downward trend to continue until early 2027.
The big question is: what happens after that? Will Bitcoin re-value and recover, or will it get stuck around these low levels, potentially threatening thousands of smaller altcoins?
But after a period of major turbulence, Bitcoin began to lose value. Based on monthly Ichimoku timeframe analysis and Andrews’ Pitchfork, our models suggest Bitcoin could fall back to around $70,000 in the coming period.
We expect this downward trend to continue until early 2027.
The big question is: what happens after that? Will Bitcoin re-value and recover, or will it get stuck around these low levels, potentially threatening thousands of smaller altcoins?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.