Bitcoin is trading around $77,000 Thursday, but two analysts see further pain ahead. One points to a bearish 'order block' between $94,000 and $98,000 that could trigger another leg down, while another predicts a crash to $70,000 within days — and a final bottom near $30,000 by the end of 2026.
The $94k–$98k wall
Analyst Fullpriceaction has identified a bearish Order Block (OB) sitting in the $94,000 to $98,000 range. That's the same zone Bitcoin topped out at in January before entering a severe bear market. According to the analyst, a rejection from that OB level could spark a significant pullback — potentially sending prices back toward recent consolidation lows. A clean break above it, on the other hand, would invalidate Bitcoin's bearish structure and open the door to a fresh bull run. But with the current price at $77,000, that breakout looks like a long shot for now.
Mason's multi-stage crash call
Alex Mason, another analyst watching the charts, has a darker near-term view. He predicts Bitcoin could slide to $70,000 in the coming days, then continue dropping to $60,000. That's not the end of it: Mason forecasts a final market bottom around $30,000 sometime between September and December 2026. His timeline suggests months of grinding losses before any recovery takes shape.
Where we are now
Bitcoin spent much of the first quarter consolidating between $64,000 and $76,000. It finally broke out in April, climbing to $77,000 — but that breakout hasn't turned into a sustained rally. The price is still well below the January highs near $98,000, and the bear market structure remains intact. For a bullish reversal, traders will need to see a clean push through that $94k–$98k order block. Until then, the bias stays bearish.
The two-way scenario at $77k
The next few days are critical. If Bitcoin slips below $76,000, the April breakout could be in jeopardy, opening a path to $70,000 and aligning with Mason's call. If it holds and climbs toward $90,000, the bearish order block becomes the immediate test. Either way, the market is stuck between a recent breakout and a looming resistance zone — and the resolution will set the tone for the rest of the year.
