Analyst: BTC could fall to $50K without new catalyst

Bitcoin could fall to the $50,000 range if no significant catalyst emerges to drive a rally, according to an analysis reported by CoinDesk. Keith Alan, co-founder of the crypto market data platform Material Indicators, noted that Bitcoin's current weekly chart trend is similar to the 2021-2022 bear market. He suggested that while short-term bounces are possible, a meaningful upward trend is unlikely without a new catalyst. Alan added that if a rapid, short-term decline occurs, the $50,000 range could emerge as a more attractive price level later this year.