NewsBTC Apr 14, 08:30 AM
Bitcoin $50K Bottom Call Faces Pushback As Price Nears $75K Previous bear markets left scars that are hard to ignore. The 2017 crash wiped out more than 80% of Bitcoin’s value. The 2021 collapse took nearly 77%. So when a fresh wave of analysts began calling for a drop to $50,000, the warnings carried weight — at least on paper. Related Reading: TRUMP Buying Frenzy Builds Ahead Of Mar-A-Lago Power Event A Different Kind Of Cycle Nick Ruck, director of LVRG Research, said the $50,000 level was being eyed as the last major buying opportunity before any real recovery could take hold. A drop to that price, he said, would represent a “healthy cycle reset” given the pressure from broader economic forces and weak movement of capital into crypto. But Ruck also raised a point that separates this downturn from past ones: Bitcoin is already down roughly 40% from its record high, and this time around, large institutions are involved in ways they simply weren’t before. That changes the math. Prior crashes were driven mostly by retail traders — ordinary people buying and panic-selling. Institutional money behaves differently, and consistent buying pressure from that side of the market may be putting a floor under prices that didn’t exist in earlier cycles. “There is a chance this cycle might not reach an idealized 60% drawdown,” Ruck said, pointing to what he called a distinctively macro-structured market environment. Bitcoin: the big flush… I don’t think we’ve had it yet I don’t think $60,000 was the bottom You can pray for it of course 😈 but it won’t help Trend is still down The few % bounces are tiny if you zoom out I will reconsider this stance in case bull strength returns It’s just… — Ivan on Tech 🍳📈💰 Head Trader @ Bullmania (@IvanOnTech) April 13, 2026 Trader and author Ivan Liljeqvist posted to X that Bitcoin had yet to experience what he called “the big flush.” He said he didn’t believe $60,000 marked the bottom, and that the overall trend remained pointed downward. The small bounces seen along the way, he argued, looked minor against the bigger price picture. Analyst Merlijn Enkelaar echoed that view, suggesting Bitcoin was entering a second bear phase that could push prices to $50,000 before any wider distribution of gains takes place. THREE PHASES. BITCOIN ABOUT TO ENTERTHE SECOND. Accumulation: done. Manipulation: loading. Distribution: $150K. Pending. $70K is the decision. Hold it: manipulation is short. Lose it: $50K first. They ran this playbook once already. You watched it happen. pic.twitter.com/yJMAeA6Tfh — Merlijn The Trader (@MerlijnTrader) April 13, 2026 Geopolitical Tensions Drive Swings Crypto prices don’t move in a vacuum. A temporary ceasefire between the US and Iran sent Bitcoin briefly above $75,000 — the kind of jump that happens when fear lifts, even for a moment. US President Donald Trump announced the two-week pause in hostilities, and markets responded quickly. But the relief didn’t last. Peace talks broke down over the weekend, and by Monday Bitcoin had slipped back below $71,000 a