Bitcoin’s price has continued its downward trajectory this month, with the flagship cryptocurrency trading below $70,000 (£52,000) and approaching multi-month lows that have not been seen since late 2024. Recent data show Bitcoin sliding to around $68,784 (£50,515), a drop of more than 40% from its peak of roughly $126,000 (£92,500) in October 2025.
Trading activity has been characterised by thin liquidity and persistent selling pressure as long positions are liquidated and institutional inflows falter, contributing to the broader market’s bearish outlook. The Fear & Greed Index, an indicator of market sentiment, has swung into extreme fear territory, reflecting heightened investor caution.
Analysts Issue Bearish Price Forecasts Amid Outflows
Market predictions across platforms and forecasting models increasingly lean towards continued weakness. Prediction markets such as Polymarket assign a 71–72% probability that Bitcoin will dip below $65,000 (£47,700) before the end of the year, signalling widespread bearish sentiment among traders.
Traditional financial institutions also point to downside risks. Some analysts at major banks have suggested that prices could weaken further if current trends continue, with one bank projecting Bitcoin may fall to around $50,000 (£36,700) over the coming months based on risk‑off market conditions and technical indicators.
Key technical analysts have noted that Bitcoin’s price has lost critical support levels over recent months, entering what some describe as an extended correction or bear phase. A broader breakdown in trend patterns has raised the possibility of deeper declines if investor sentiment remains subdued.
Broader Market Drivers Remain Primary Influences
Despite heightened predictions of more downside, financial experts emphasise that macro factors are firmly driving price action rather than any single isolated event. Tightening liquidity, high interest rates and broader market risk‑off behaviour have pressured risk assets globally, including Bitcoin.
Outflows from spot Bitcoin exchange‑traded funds (ETFs) have exacerbated the decline, with recent net withdrawals totalling hundreds of millions of dollars. These flows typically act as a support mechanism during bull phases, so sustained outflows can weaken demand for the digital asset.
Liquidity issues on some cryptocurrency platforms have also come to light. A Chicago‑based crypto lender recently suspended withdrawals amid the price slump, highlighting challenges faced by market participants during extended downturns.
Epstein Files Spark Online Speculation But Lack Direct Evidence
Amid the price slump, released documents relating to the files of financier Jeffrey Epstein have generated chatter online about potential connections to cryptocurrency markets. The disclosed files reportedly contain references to early crypto interests and relationships with industry figures, including investment links and conversations about digital assets.
However, there is no verified evidence linking those documents directly to Bitcoin’s creation or proof that the Epstein files are a causal factor in recent price movements. Mainstream reporting identifies mentions of early investment interactions with platforms and individuals but does not establish a substantive link to Bitcoin’s market dynamics.
Online forums have featured speculative theories that tie the Epstein files to market sentiment or trading behaviour. Such posts suggest that the release of these documents could influence investor psychology, though these remain anecdotal and unverified by professional market analysts.
Sentiment and Predictions Reflect Broader Uncertainty
Market predictions signalling further declines arise largely from technical patterns, ETF flow dynamics and macroeconomic conditions rather than from the Epstein documents themselves. Analysts monitor critical support levels around $62,000 to $65,000 (£45,500 to £47,700) as potential pivot points for Bitcoin’s next moves, with some models indicating the market may remain in correction unless new catalysts emerge.
As the crypto market evolves, price forecasts will continue to reflect shifting risk perceptions, liquidity trends and broader economic signals. Investors and analysts alike will be watching for key economic data releases and shifts in institutional demand that could reshape the near‑term direction of Bitcoin.