Bitcoin Price Forecast Suggests More Downside May Be on the Horizon

CryptoProwl

Wed, June 24, 2026 astatine 12:37 PM CDT 1 min read

Bitcoin (CRYPTO: $BTC) has been facing important headwinds recently, leaving investors wondering wherever the bottommost lies. On Wednesday, the cryptocurrency was trading astir $61,000 and has mostly seen enactment astatine astir the $60,000 people this year. However, it hasn't been trading this debased since the Fall of 2024, with investors worrying astir it perchance going adjacent lower. Year to date, it's down astir 30%.

Those concerns could beryllium well-founded, according to Markus Thielen, laminitis of 10x Research, who believes determination is inactive much country for the cryptocurrency to diminution lower, earlier yet recovering.

Thielen believes that the spot of the U.S. dollar could airs a problem, arsenic successful the past, it has proven to beryllium a headwind for the starring cryptocurrency. To marque matters worse, the caller seat of the Federal Reserve, Kevin Warsh, appears much hawkish than antecedently expected, with expectations present precocious that determination could beryllium aggregate complaint hikes this year. That could further measurement connected Bitcoin's fragile show this year.

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The bully quality is Thielen doesn't judge the downturn is going to get a full batch worse. Based connected liquidity trends, seasonal patterns, and macroeconomic conditions, Thielen believes that the debased constituent whitethorn travel sometime betwixt precocious August and October.
 
So however debased does Thielen deliberation Bitcoin could go? He believes that Bitcoin whitethorn autumn to arsenic debased arsenic $55,000. While that suggests breaking good beneath the $60,000 enactment that it has mostly had this year, it doesn't suggest that upon doing so, it'll pb to a much disastrous decline. 

For investors, this could make a compelling lawsuit for buying the cryptocurrency successful the adjacent future.