Bitcoin’s recent volatility has prompted cautions from market watchers, including analyst James Wynn, who believes the cryptocurrency is approaching a deeper pullback.
In a new post, Wynn stated $67,000 “is knocking”, adding that the level makes sense given current probabilities and the intense buy pressure historically found around that zone.
He previously argued that a sharp correction would not be unusual after Bitcoin’s 650% rally, noting that prior cycles included multiple drops of similar size. In his view, such a reset removes over-leveraged longs, drives fear to extreme levels, and rewards smart investors.
Those comments arrive as market data continues to reflect pressure on Bitcoin. According to Deutsche Bank, the asset just posted its worst week since February, falling more than 30% from last month’s peak.
Analysts pointed to five overlapping factors: a risk-off shift that caused Bitcoin to trade more like a high-growth tech stock; hawkish signals from the Federal Reserve; stalled progress on digital asset legislation in the Senate; sustained institutional outflows; and long-term holders securing profits.
New figures from CoinMarketCap show a slight rebound in the last 24 hours, with Bitcoin rising 4.19% to $92,449, although the move diverges from its broader 7-day and 30-day declines. Analysts attribute the bounce to institutional accumulation, technical oversold conditions, and easing fears of forced selling.
Even so, key resistance near $94,000 continues to cap momentum, and traders are watching whether Bitcoin can reclaim $88,281 to establish a short-term reversal.
In other news, Metaplanet expanded its Bitcoin-backed borrowing to $230 million, while JPMorgan warned that MicroStrategy, which holds roughly 3% of the supply, could face removal from the MSCI index by early 2026, potentially triggering billions in ETF-linked selling.
Source: https://zycrypto.com/bitcoin-price-to-plummet-to-67000-this-week-expert-shares-why/
