As the global cryptocurrency market continues to experience fluctuations, Bitcoin's price structure is becoming increasingly uncertain. Despite recent bullish momentum, a new technical outlook from crypto analyst Guru suggests that Bitcoin may be heading for a significant decline. According to Guru, the current price action is indicative of a battleground between $76,000 and $78,000, where every rally is being tested and every dip is being closely watched.
The analyst's revised multi-stage roadmap for Bitcoin predicts a potential crash to as low as $30,000 by the end of the year, representing a drawdown of approximately 61% from current levels. This forecast is based on a weekly timeframe chart that projects a compression zone, a rally, and a subsequent terminal decline. Guru notes that Bitcoin is currently transitioning into a high-timeframe redistribution phase, which is likely to trap traders on both sides.
Understanding the Redistribution Phase
Guru's updated plan introduces a higher-timeframe consolidation and redistribution phase, which is expected to precede a rally to $85,000. The analyst warns that this rally will be the "ultimate exit liquidity trap," as the market exhausts buying pressure and subsequently moves lower. The predicted decline would target a broad range between $50,000 and $30,000 before the end of the year. While this forecast may seem severe, Guru has explicitly stated that a weekly close above $98,000 would invalidate the entire bearish scenario.
At present, Bitcoin is trading at $77,000, which means a drop to $50,000 would represent a decline of roughly 35%, while a deeper slide to $30,000 would translate to an approximate 61% loss from current levels. On the other hand, a move to the analyst's invalidation level at $98,000 would require a rally of about 27%. As the cryptocurrency market continues to evolve, it remains to be seen whether Guru's prediction will come to fruition or if Bitcoin will defy expectations and reach new heights.
