A financial analyst who goes by the pseudonym MFHoz believes that the Bitcoin price will collapse to $18,000 by mid-2026.
Bitcoin has taken a big hit at $100,000, which is a strong psychological resistance zone. The party is over, and the crash is coming. BTC price will fall right to $18,000–$20,000, — wrote MFHoz.
According to the chart published by MFHoz, the trend is bearish, emerged on the Bitcoin market on December 17 after the coin's rate updated its historical maximum at $108,364, will be protracted and will end in mid-2026.
The expert's opinion that the bottom will be reached at $18,000 is most likely based on the width of the contracting triangle depicted on the chart.
MFHoz forecast for the fall of the bitcoin rate on the chart
The current market situation is not as apocalyptic as MFHoz describes it, but the bears are certainly holding the initiative.
On December 27, the BTC price dropped below the 50-day moving average line and consolidated below it. At the same time, the RSI index on the daily chart fell into the negative zone, decreasing to 43. Together, these factors indicate that the cryptocurrency will fall to $90,000 in the near future. If sellers break through this barrier, then Bitcoin could well fall to $80,000 in January 2025.
