Bitcoin's recent price bounce is being viewed by analysts as a potential precursor to a larger downside move. Market analyst Mr. Wall Street attributes the temporary rally to thin downside liquidity, suggesting it may not be sustainable. Despite holding long positions, he maintains a bearish outlook for Bitcoin in the mid-term, forecasting a price target of $64,000–$70,000 by late Q1 or early Q2 2026. Recent market volatility, including a drop from $90,000 to $85,000, has already led to significant liquidations.