Analyst Predicts Bitcoin Dip to $54K Citing Long-Term Bearish Trend

Bitcoin price has stayed in the green, recording marginal gains and soaring past the brief $64,000 mark on Tuesday. However, despite remaining near the flatline over the past few days, analysts have warned of a continuing downtrend in BTC price, sparking market discussions.

In addition, the experts have also hinted at a potential pullback for the flagship crypto towards $54,000, which might further worsen the selling pressure. So, here we explore the key price levels for Bitcoin and the recent developments surrounding the asset.

Analyst Provides Long-Term Bearish Outlook for Bitcoin

The latest rebound in Bitcoin price has done little to convince market watchers that a sustained recovery is underway. According to a report highlighted by market commentator Walter Bloomberg, analysts at ING believe that BTC has continued to stay in a long-term bearish structure despite bouncing from recent lows.

Meanwhile, the bank reportedly identified a major resistance zone between $65,670 and $69,900. Analysts believe Bitcoin must break and hold above this range to invalidate the current bearish trend. Until then, they expect sellers to remain active whenever prices approach these levels.

In addition, ING also warned that a fall below the crucial $54,450 support area could trigger another long-term sell signal. Such a move would reinforce the existing downward trend and potentially accelerate selling pressure across the broader crypto market.

The forecast has sparked fresh debate among traders. Some investors see the current consolidation as a healthy pause before another rally, while others believe macro uncertainty and technical weakness could push Bitcoin toward lower price levels before a potential recovery.

BTC On-Chain Data in Focus

BTC price today has added around 1% at the time of writing and exchanged hands at $64,250. CoinGlass data showed that Bitcoin Futures Open Interest rose 0.6% over the past four hours to $48.53 billion, indicating regaining confidence of traders.

Market intelligence platform Santiment reported a sharp increase in Bitcoin network activity over the past week. The firm noted that active Bitcoin addresses climbed to around 712,000, marking their highest level in three months. Whale transactions exceeding $100,000 also surged to nearly 61,800, the strongest reading in five months.

Analysts linked this spike to recent security concerns involving Coldcard-generated wallet keys. Reports suggested that vulnerabilities prompted affected users to move funds, consolidate wallets, and strengthen asset protection. Estimates indicate that more than 2,055 BTC, valued at over $130 million, may have been impacted during the incident.

However, beyond on-chain and technical indicators, broader economic and geopolitical developments may influence Bitcoin’s short-term direction. Recent reports that Qatar said a US-Iran agreement is ready have eased some concerns across global financial markets.

A calmer geopolitical backdrop could improve overall investor confidence, although its direct impact on cryptocurrencies remains uncertain. Meanwhile, market participants continue monitoring progress surrounding the CLARITY Act. Many believe regulatory clarity could improve institutional confidence and strengthen long-term sentiment toward digital assets.

However, traders wishing to spot these rapid fluctuations in whale transactions and network addresses can utilize the best crypto research tools to monitor live blockchain telemetry.