Flush Alert: Analysts Say Bitcoin's Final Dip to $50K Still on the Menu

Buckle up, degens—several crypto analysts are convinced Bitcoin hasn't finished bleeding yet, with $50,000 emerging as the level that could finally scratch their itch for a proper flush. The hopium is still flowing, but the charts? Not so much.

Bitcoin trader and author Ivan Liljeqvist took to X to rain on everyone's parade, declaring the crypto hasn't experienced "the big flush" yet. "I don't think $60,000 was the bottom," he tweeted, along with the devastating add: "Trend is still down." According to Liljeqvist, those recent bounces have been about as impactful as a hamster wheel—cute, but ultimately going nowhere. The institutional gang sign energy from past bull markets? MIA.

Analyst Merlijn Enkelaar is also running the bearish playbook, suggesting Bitcoin is sliding into its second bear market phase after the accumulation party. He's warning of a potential "manipulation phase" that could slam prices down to $50,000 before the third "distribution phase" apparently decides to grace us with its presence. Fun times ahead.

Nick Ruck, director at LVRG Research, went full doom mode with Cointelegraph, explaining that $50,000 represents "the last significant accumulation zone before any sustained recovery and would represent a healthy cycle reset amid macro pressures and weak capital rotation." He noted this could set up stronger bullish momentum once the flush concludes—assuming we all survive it. But here's the plot twist: the institutionalization of crypto markets is creating consistent buying pressure at current levels, basically playing damage control on the way down.

Over on the charts