Analyst Flags Bitcoin Slide Toward $50K Before Market Rebound

In a post on X, crypto analyst Ted Pillows highlighted that in the previous market cycle, Bitcoin bottomed at about 34% below the 200-week moving average.

Using that historical pattern as context, he added that even a smaller 20% drop below the current 200W MA at $59,557 could send Bitcoin toward the $50,000 range before any meaningful recovery begins.

Meanwhile, prediction market sentiment reflects a similar outlook, with Kalshi traders pricing in a 75% chance that Bitcoin will hit $50,000 before advancing to $100,000.

Source: Ted Pillows