Crypto Analyst Suggests Bitcoin Selling Pressure Nearly Exhausted, Months of Consolidation Expected
Bitcoin investors may be catching a much-needed break from selling pressure, according to prominent crypto analyst Willy Woo, potentially paving the way for a respite in the cryptocurrency’s recent downward trend. However, Woo and other experts caution that while the worst of the sell-off might be behind, a period of sideways price action could follow.
Selling Pressure Approaching Exhaustion
In a statement shared on social media platform X (formerly Twitter) on Friday, Willy Woo noted that the “bearish sell-down by investors seems to have exhausted,” giving Bitcoin’s price a chance to consolidate sideways. Woo predicts this consolidation period could last about a month, during which Bitcoin might even attempt a brief rebound toward the mid-$70,000 range — though he expects any such rally at that level to face rejection.
Currently, Bitcoin (BTC) has been trading within a range between $60,000 and $70,000 for the last three weeks. The cryptocurrency dipped momentarily below $67,000 in late trading on Thursday, reflecting ongoing market uncertainty.
Woo further shared his “educated guess” that the fourth quarter of this year could mark the end of the bearish trend, with bullish momentum potentially returning in the first or second quarter of 2027. ### Market Conditions Remain Cautious
Despite these signs of easing selling pressure, Woo emphasized that the broader cryptocurrency market remains “heavily bearish,” with deteriorating liquidity in both spot and futures markets. He pointed out, “I’ve never seen BTC rally when both sources of liquidity are bearish,” underscoring that a full recovery is contingent on improved market conditions.
Adding to the cautious tone, Woo warned that a worsening of global macroeconomic factors could deepen Bitcoin’s price difficulties. Bitcoin has thrived during what he called a “secular global macro bull market” from 2009 until 2026. If this macroeconomic environment deteriorates, support levels could fall as low as $30,000, with $16,000 representing a critical threshold to maintain a long-term bullish outlook.
Other Analysts Echo Cautious Optimism
Matt Hougan, Chief Investment Officer at Bitwise, also weighed in, dismissing conspiracy theories about market manipulation and attributing Bitcoin’s recent decline primarily to genuine selling by investors. In an X post, Hougan highlighted factors such as the cryptocurrency’s four-year cycle, concerns about quantum computing threats, and a shift in investor focus toward AI startups. He agrees that the selling phase is nearly over and views the current period as a “classic crypto winter,” with an eventual “classic crypto spring” of fresh all-time highs on the horizon.
Supporting the view that selling pressure is fading, Bitrue’s Research Lead, Andri Fauzan Adziima, pointed out Bitcoin’s historic weekly Relative Strength Index (RSI) readings as indicative of an exhaustion of aggressive selling. He anticipates prolonged sideways trading between $60,000 and $70,000, with repeated tests of support around $62,000 to $65,000. Fauzan noted that only sustained inflows from exchange-traded funds (ETFs) or a shift toward a macro risk-on environment might catalyze a meaningful breakout.
Similarly, Jeff Ko, Chief Analyst at CoinEx exchange, echoed these sentiments, suggesting that a sharp V-shaped recovery is unlikely following Bitcoin’s steep 50% drawdown. Instead, he foresees a prolonged consolidation phase lasting three to six months, akin to the extended sideways action observed after the LUNA collapse.
Outlook: Patience Amid Uncertainty
In summary, while Bitcoin’s recent selling pressure appears to be easing, most analysts anticipate several months of consolidation within a defined price range. Improved liquidity conditions, macroeconomic stability, or positive ETF activity may be necessary to support a sustained upward move.
This outlook underscores the importance of patience for investors navigating the current phase of the crypto market, which seems poised to move sideways before potentially commencing a renewed bullish cycle in 2027. —
Data sources include trading charts and market analytics from TradingView, supplemented by expert commentary from leading crypto analysts. Market participants are advised to stay informed and exercise caution given the evolving macroeconomic backdrop.