Bitcoin price risks '$15K shakeout' in the next 5 months, BTC analyst warns

Multiple Bitcoin indicators, including a bull-bear sentiment index and realized price metric, point to a possible final BTC shakeout toward $54,000

Bitcoin (BTC) is showing signs of the bear market’s late stages but could see another leg lower in the coming months, says Joao Wedson, founder and CEO of on-chain analytics platform Alphractal.

BTC may still see one last big drop before recovering, based on one sentiment indicator.

The next likely downside target is near Bitcoin’s realized price at $54,000.

In a Tuesday post, Wedson said Bitcoin’s 720-day Tactical Bull-Bear Sentiment Index (TBBI), a long-term indicator that tracks multi-year cycles of fear and greed, had dropped into an extreme bearish zone below 20.

Historically, such readings have reflected “late-stage fear” among traders, a phase that can still produce one final shakeout before Bitcoin begins a more durable recovery.

In 2022, for instance, Bitcoin fell more than 20% after the indicator reached similarly depressed levels.

A comparable setup also appeared before Bitcoin lost around 50% in 2018, prompting Wedson to see a similar possibility in 2026.

Related: Bitcoin RSI ‘nearly perfectly’ copying end of 2022 bear market: Analysis

He warned that Bitcoin could still face “a sharp move like a –$15K shakeout” over the next six months, implying a roughly 20% decline from current levels toward the $54,000 area.

The implied target matches earlier BTC downside calls that see Bitcoin falling toward the $50,000–$55,000 area on war-led oil inflation and quantum security risks.

The $54,000 level also nearly coincides with Bitcoin’s realized price (purple) on Glassnode’s MVRV Extreme Deviation Pricing Bands, suggesting any final shakeout could send BTC toward a key on-chain cost-basis support level.

More bearish forecasts have also surfaced, with analysts such as Bloomberg Intelligence’s Mike McGlone warning that Bitcoin could eventually slide to as low as $10,000.

Still, Strategy’s aggressive Bitcoin purchases in recent weeks have helped absorb selling pressure and limit BTC’s downside, raising the possibility that the broader bearish scenario may fail to play out.

As Cointelegraph reported, Bitcoin could reverse sharply and climb back toward $100,000 or higher if the Michael Saylor firm continues its buying spree.

This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.

Source: CoinTelegraph