Crypto Analyst Says Bitcoin Selling Pressure Is Nearly Over

Bitcoin selling pressure appears to be nearing exhaustion, according to multiple analysts who see the bearish wave running out of steam. Crypto analyst Willy Woo declared on X on Friday that the investor-driven sell-down has largely spent itself, potentially giving BTC room to consolidate sideways or bounce toward the mid-$70,000 range. A full recovery remains months away, with most observers pointing to Q4 2026 at the earliest.

Is Bitcoin Selling Pressure Nearly Exhausted?

Bitcoin selling pressure is approaching exhaustion, meaning the aggressive investor liquidations weighing on BTC appear to be fading. Willy Woo shared his view on X on Friday, stating the bearish sell-down seems to have run its course. This gives Bitcoin a reprieve to consolidate sideways for perhaps a month, according to Woo, with a potential rebound to the mid-$70,000 level that would likely face rejection.

BTC has remained range-bound between $60,000 and $70,000 for the past three weeks, briefly dipping below $67,000 in late trading on Thursday. Woo projected that Q4 2026 represents good timing for the bearish trend to conclude, while Q1 or Q2 2027 could bring renewed bullish momentum.

The broader market remains heavily bearish with both spot and futures liquidity deteriorating, Woo cautioned. He has never witnessed BTC rally when both liquidity sources point downward. In a worst-case macro breakdown, Woo flagged $30,000 as fallback support and $16,000 as the final line to maintain a long-term bull trend, noting Bitcoin has only operated within a secular global macro bull market from 2009 to 2026.

This bearish sell-down by investors seems to have exhausted. This gives the price a reprieve to consolidate sideways for maybe a month.

— Willy Woo, Crypto Analyst

Bitwise CIO Points to Simple Selling Dynamics

Bitwise chief investment officer Matt Hougan echoed the exhaustion narrative in an X post on Thursday, pushing back against various conspiracy theories about market manipulation. The real explanation for Bitcoin's decline is that a significant number of long holders sold their exposure, according to Hougan.

He attributed the selling to several converging factors: the four-year cycle, quantum computing fears, capital rotation into AI start-ups, and other motivations. Crucially, Hougan added that this selling pressure is nearly spent.

RSI Signals Confirm Exhaustion Pattern

Bitrue research lead Andri Fauzan Adziima told reporters that Bitcoin's historic weekly RSI oversold reading strongly confirms aggressive selling pressure has peaked or is fading. Adziima called this a classic exhaustion signal behind the recent bounce from lows.

He expects repeated tests of the $62,000 to $65,000 support zone and range-bound activity within the $60,000 to $70,000 corridor for weeks to months. Only sustained ETF inflows or a macro risk-on shift would provide the catalyst to break higher, according to Adziima.

What Does This Mean for Bitcoin's Recovery?

A swift V-shaped recovery is unlikely despite easing sell-side pressure, according to Jeff Ko, chief analyst at the CoinEx exchange. Ko told reporters that while improvements in spot ETF inflows suggest aggressive selling is winding down, a sudden rebound remains improbable after a steep 50% drawdown.

The consensus points to patient accumulation ahead. Holders should brace for extended consolidation through mid-2026, with any breakout contingent on macroeconomic tailwinds or a decisive shift in institutional ETF demand.