Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin could drop 20% more to $48,000 as key support levels face pressure, says Bitwise exec.

Market News
12 Jun 2026
Benzinga
View Source
Bearish
pluang ai news

Bitwise's Head of Research Europe, André Dragosch, warns Bitcoin may fall another 20% to around $48,000, which is the long-term holder cost basis and the worst-case support level. Key structural supports include the 200-week moving average near $61,000 and the realized price near $56,000. Despite recent sell-offs driven by large ETP outflows, corporate treasury buying remains steady. Galaxy Research notes only 4 of 13 bottoming indicators have triggered, projecting a potential bottom between $40,000 and $46,000 by Q4 2026. Altcoin market recovery depends on the US passing the CLARITY Act, currently seen as 60% likely this year.

More News (BTC)

XRP price is mainly driven by Korean and Japanese retail trading, not Western ETFs or Ripple news.

XRP price is mainly driven by Korean and Japanese retail trading, not Western ETFs or Ripple news.

XRP's price is heavily influenced by trading activity on South Korean and Japanese exchanges rather than Western ETF flows or Ripple corporate news. South Korea's retail traders use XRP as a high-volatility proxy due to local restrictions on crypto d...

Market News
Neutral
5 hours ago
X launches Big Charts for real-time crypto and stock data with plans for more financial tools.

X launches Big Charts for real-time crypto and stock data with plans for more financial tools.

X, led by Elon Musk, has introduced Big Charts, a new feature offering larger, real-time interactive charts for cryptocurrencies and stocks via its Smart Cashtag service. Available on iOS and web, users can view detailed market data for assets like B...

Market News
Bullish
5 hours ago
Hyperliquid trader profits $2.7M with 81% short book, led by $539K gain on HYPE token shorts.

Hyperliquid trader profits $2.7M with 81% short book, led by $539K gain on HYPE token shorts.

A Hyperliquid trader known as a "perma-bear" holds an 81% short position with a $2.7 million all-time profit, primarily from a $13.57 million short on the HYPE token, which is up $539,000. The trader also profits from shorts on Ethereum and Bitcoin. ...

Market News
Bearish
6 hours ago
Cryptocurrency prices show mixed movements with Bitcoin around $63,359 and notable gains in XMR and LAB.

Cryptocurrency prices show mixed movements with Bitcoin around $63,359 and notable gains in XMR and LAB.

Cryptocurrency prices are fluctuating with Bitcoin trading near $63,359, up by 0.98%, and Ethereum at $1,664, up 1.07%. Some altcoins like Monero (XMR) and LAB have seen significant gains of 8.72% and 18.75% respectively, while others like TRX and BE...

Market News
Neutral
6 hours ago
Bitcoin's decline seen as mild bear market; new BTC-backed credit products may ease future downturns.

Bitcoin's decline seen as mild bear market; new BTC-backed credit products may ease future downturns.

Matt Cole, CEO of Strive, describes the recent Bitcoin selloff as a mild bear market, highlighting strong fundamentals like growing institutional adoption and improved regulation. He expects Bitcoin to rise above $80,000 and possibly reach six figure...

Market News
Bullish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App