BTC/USD Daily Chart (Bitstamp) – Source: TradingView
In a recent BTC price prediction, we highlighted that the token had formed a bear flag pattern in the daily chart that favored a move to the $84,000 support area. Guess what? We nailed that one.
Can it get worse? The answer, sadly, is yes.
If BTC loses the $84,000 support, then we would be looking at a much higher downside risk, as the token could rapidly drop to $74,000 for a 12% loss.
As mentioned back then, we expected some sort of consolidation between $87,000 and $90,000. Sellers showed up to dump BTC after hitting $90K multiple times, reflecting the market’s reluctance to push the token above that psychological threshold.
Buyers are nowhere to be found right now.
Big Downside Risk for BTC After Confirmed Weekly EMA Breakout
This continues to be the baseline scenario we set forth on our Bitcoin price prediction for 2026. It is the result of a bearish breakout below the 50-week EMA and could anticipate a much deeper correction to $36,000 in the long term if historical patterns repeat.