Bitcoin's slide to $40,000 signals the start of its bottom.

crypthub

about 12 hours ago

Bear Market Continuation

Bitcoin remains in a firm bearish trend, according to the analyst. He warns that the current price action may lead to another major crash and lower lows. The cryptocurrency has not yet reached its cycle bottom. A final surge could precede a deeper decline.

Wave Structure Analysis

The forecast relies on a Double ZigZag (WXY) wave pattern. Wave W peaked above $126,000 in October 2025 and fell to $60,000 by February 2026. Wave X is expected to conclude once Bitcoin rallies above $80,000. Wave Y would then form the last leg of the bearish cycle.

Projected Price Moves

Crypto Bullet sees a short‑term push toward $85,000, with $82,500 as an intermediate target. The $85,000 level acts as the next major resistance. This rebound is viewed as part of a larger corrective move, not the end of the bear market. The pattern suggests a broader downward structure still in force.

Timeline and Bottom Target

The analyst estimates about five months remain before the bear market finishes, matching past cycles. He pins the ultimate bottom around $40,000. A drop from $80,000 to $40,000 would represent roughly a 50 % decline. The bottom is projected for September–October 2026.