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CRYPTOBEARISH
Bitcoin Risk of a Major Fall: Plunge to $60K May Be Imminent
FG
FOMOGRAM Editorial Desk
Aug 3, 2026
EXECUTIVE SUMMARY
Another lower high and lower low means that Bitcoin is on the verge of a fall to lower levels. $60K is the target. The next potential dip would take the $BTC price beneath the bull market trendline. Could this be the beginning of one final capitulation phase for Bitcoin?
Another lower high and lower low means that Bitcoin is on the verge of a fall to lower levels. $60K is the target. The next potential dip would take the $BTC price beneath the bull market trendline. Could this be the beginning of one final capitulation phase for Bitcoin?
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Technical analysis indicates Bitcoin is at risk of a significant price drop, potentially leading to a capitulation phase.
BTC OVERALL MARKET INDEX: 34 / 100 (BEARISH)
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