A famed crypto influencer has predicted Bitcoin’s price could fall to $30,000.
The comments come after a global market crash.
Technical signals have reinforced the bearish outlook.
Analysts and prominent market commentators have warned of deeper losses for Bitcoin following a violent sell-off across global financial markets that wiped out trillions of dollars in value.
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On Thursday, well-known crypto influencer Crypto Bitlord warned that Bitcoin could fall significantly further, identifying $30,000 as the next major support level.
“The next major support for bitcoin is $30k,” the X account wrote.
Benjamin Cowen, founder of crypto analytics platform Into The Cryptoverse, echoed the bearish outlook, saying Bitcoin’s weakness aligns with historical trends and macroeconomic tightening.
“Today, we’re going to talk about Bitcoin and discuss why the price is dropping and why I think it will likely continue to drop,” Cowen said in a recent YouTube video.
Cowen said he believes Bitcoin has already transitioned into a bear market after peaking in October 2025.
“I do think Bitcoin is, in fact, in a bear market,” he said.
“My guess crypto continues to drop,” Cowen added, adding that “Bitcoin is likely going to keep bleeding against the stock market.”
Global Market Crash Wipes Out Trillions
Bitcoin’s slide comes amid a broader global market rout that saw roughly $3 trillion in market value erased in less than an hour on Thursday.
Precious metals, despite recent historic rallies, were not spared.
Gold lost around $1.5 trillion in market value, with prices falling nearly 10% from recent highs, while silver fell about 12%.
Peter Schiff Highlights Bitcoin’s Price Decline
Longtime Bitcoin critic Peter Schiff took his chance to weigh in on BTC’s falling, arguing that the asset has significantly underperformed gold over the long term despite growing institutional support.
Bitcoin is now worth just 15.5 ounces of gold, down 57% from its 2021 high and just 10% above its 2017 high. Despite all the hype and support from Wall Street and the Trump administration, most people who now own Bitcoin would have been better off buying gold or silver instead.
“Bitcoin is now worth just 15.5 ounces of gold, down 57% from its 2021 high and just 10% above its 2017 high,” Schiff wrote.
“Despite all the hype and support from Wall Street and the Trump administration, most people who now own Bitcoin would have been better off buying gold or silver instead,” he added.
CCN Bitcoin Price Outlook
From a technical standpoint, analysts say Bitcoin’s chart structure has deteriorated further.
Victor Olanrewaju, an analyst at CCN, said Bitcoin confirmed a bearish reversal pattern on the daily chart after breaking key support levels.
“From a technical perspective, Bitcoin’s price extended its sell-off, breaking below the $86,400 neckline and confirming a head-and-shoulders breakdown on the daily chart,” Olanrewaju said.
BTC/USD Daily Chart | Credit: TradingView
“Momentum indicators back the downside move,” he said, pointing to the Moving Average Convergence Divergence indicator crossing into negative territory.
Olanrewaju said that if selling pressure persists, Bitcoin could drift toward $80,517 “if the crypto market crash fails to turn around.”
He warned that a deeper decline could see prices test $78,000, where prior demand and structural support sit.
However, a swift recovery above the neckline could invalidate the bearish setup and lead to a bounce toward $92,219.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
