Bitcoin (BTC) Price Prediction: Bears Control the Market Amid ETF Sell-Off

Bitcoin is currently trading slightly below the $92,000 support level and is looking extremely bearish in the short term. As highlighted in our previous analysis, Bitcoin is still trending in a broader downtrend, especially after breaking below the 50-week moving average, which points toward a bear market. Today, the price dropped sharply to as low as $88,500 following the BlackRock Bitcoin ETF sell-off, which involved roughly half a billion dollars. Right now, the overall outlook for BTC remains weak, and we can expect further corrections in the coming weeks. Let’s take a look at the latest Bitcoin charts to see where the price could head next.

Our Bitcoin Price Prediction Summary

• Bitcoin remains in a clear downtrend, struggling to hold $92,000 as bears stay in control.
• Short-term corrections are likely, with key support levels at $85,500 and the 50-week EMA under pressure.
• Weekly and daily charts point lower, signaling that any bounce may be limited until stronger support appears.

Analyzing the Charts

Can $92K Hold as Support?

On the 4-hour chart, Bitcoin is trading just below the $92,000 level and is trying to push back above it. For this area to act as solid support, Bitcoin needs to close several 4-hour candles above it with consistent trading volume. Since breaking below the $100,000 level, the price has failed to sustain any meaningful recovery, which shows that the downtrend remains intact. Bears are still controlling the market, and until the $92,000 level is firmly reclaimed in the immediate short term, Bitcoin could continue moving lower.

Bearish Control Persists on the Daily Chart

On the 1-day timeframe, Bitcoin is currently trading below a key support level, and a daily close beneath it would strongly increase the probability of another leg lower. While sharp declines are often followed by short-term relief bounces, the deeply oversold RSI is not enough on its own to trigger a meaningful recovery in the current environment as the dominant macro bearish sentiment and ongoing institutional distribution remain firmly in control. The recent heavy selling pressure from the BlackRock ETF outflows continues to weigh on price, making any sustained bounce in the near term unlikely. The next major line of defense for the bulls sits around $85,500–$86,000; if that level fails, accelerated downside toward the low $80ks would come into play quickly.

Long-Term Trend Signals

Switching to the 1-week timeframe, the bearish signals become much clearer. The bearish divergence we highlighted over the past few weeks appears to be playing out, pushing Bitcoin deeper into its correction. This downtrend is likely to continue until the divergence is invalidated. Additionally, the weekly candle has closed below the 50-week EMA, a level that has historically acted as strong support throughout the cycle. Trading below this level puts Bitcoin at risk of a deeper bear market if it closes below the 50-week EMA again next week. This is why our current Bitcoin price prediction remains bearish.

Final Takeaway: What is Next for Bitcoin?

Bitcoin is under pressure across all timeframes, and the charts are still pointing lower. The $92,000 level isn’t holding, and daily and weekly signals suggest more downside could be coming. The next key areas to watch are $85,500 and the 50-week EMA, which could decide if bulls step in or if the downtrend continues. Short-term bounces might happen, but the overall picture remains bearish, and traders should pay close attention to how price reacts at these critical levels.