Bitcoin Breaks Crucial Neckline Area of Bullish Pattern, Analysts Prepare for $50,000 BTC Prices

• Bitcoin breaks crucial neckline area of bullish pattern.

• This has sent analysts into a bearish frenzy, expecting lower prices.

• The price of BTC is expected to hit targets between $48,000 and $55,000 next.

The crypto community continues to watch price charts closely to determine what the crypto market’s next movements will be, bearish or bullish? According to seasoned analysts, the price of Bitcoin (BTC) is expected to make a move towards either side. One analyst notices how Bitcoin breaks crucial neckline area of bullish patterns, meaning that traders are preparing for $50,000 BTC prices.

Bitcoin Breaks Crucial Neckline Area of Bullish Pattern

The price of Bitcoin has been hinting at falling towards much lower prices in the coming weeks and months. In detail, several analysts called for the price of Bitcoin (BTC) to fall even further since the $20 billion liquidation event in Q4 of 2025. This liquidation took place right after Bitcoin set its current ATH status in the $126,000 price range. Since then, bearish analysts confirmed that the bear market has begun.

Thus, the New Year saw only downside movement, truly adding merit to the many bear market calls for the year. Over the last few weeks, the price of Bitcoin (BTC) went from the pioneer crypto asset trying to reclaim a crucial price level in the $77,000 price range. The asset went from $70,000 to $74,000 but failed to reach higher targets between $76,000 – $77,000, leading to a fall in prices instead.

After this failed attempt to reclaim prices, the price of Bitcoin (BTC) fell under the $70,000 price range and is now trading between $65,0000 – $67,000. If this persists, analysts believe the asset would move towards its next leg down targets, meaning trades will occur in a lower trading box, likely prices under $60,000. In fact, bearish analysts are certain the price of BTC will go on to bottom in the $40,000 price range next.

Analysts Prepare for $50,000 BTC Prices

According to one reputed crypto trader and analyst, Bitcoin printed a bullish head and shoulder pattern that was aiming to propel the price of BTC towards targets above $77,000. Unfortunately, the pattern failed as the neckline broke, leading to a failed retest. The analyst says that this is confirmation and waiting for further clarity would be a waste of time and resources, encouraging traders to hedge risks.

BITCOIN BROKE THE NECKLINE.

Left shoulder. Head. Right shoulder. Textbook.

Neckline: $77K. Already broken.

Bitcoin retested $77K from below. Failed.
That is the confirmation.

Above $83K: bears wrong, pattern fails.
Below $77K: $48K measured target activates.

Most people… pic.twitter.com/32pRUpLm64

— Merlijn The Trader (@MerlijnTrader) March 30, 2026

As we can see from the post above, the trader goes on to state that if the price of BTC does somehow pull a miracle relief rally, then bears would be wrong and the bear pattern fails. However, the more likely expectation is that the price of BTC, since it failed to reclaim the $77,000 price range, will instead go on to fall towards the $48,000 – $55,000 price range over the coming weeks.