Analyst Says Bitcoin Price Bottom Hasn’t Happened Yet, Gives Timeline To Expect Reversal

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A crypto marketplace expert has shared a caller method analysis, outlining reasons wherefore the Bitcoin terms has not yet reached a rhythm bottom. Using a charting model called the Bear Bands alongside the Halving Cycles Theory, the expert argues that portion a short-term bounce is presently playing out, the broader carnivore market inactive has important clip and much downsides up earlier reaching a last terms floor.

Why The Bitcoin Price Has Not Hit A Bottom Yet

According to marketplace adept Crypto Con connected X, the recent bounce that saw Bitcoin surge supra $71,000 aft its archetypal large debased nether $64,000 is simply a mean absorption and does not bespeak that the Bitcoin carnivore marketplace has ended. The expert stated that everything is unfolding precisely arsenic expected, some successful timing and price, successful enactment with the Halving Cycles Theory. He further noted that the terms sitting precisely astatine the archetypal debased of the Bear Bands indicator really reinforces his bearish lawsuit for Bitcoin.

Sharing a elaborate terms chart, Crypto Con draws connected Bitcoin’s afloat terms past dating backmost to 2011, mapping retired recurring carnivore marketplace sequences that person played retired crossed each large cycle. Each of those cycles followed a accordant three-stage structure, moving done a archetypal low, a 2nd low, and a last rhythm bottommost earlier immoderate sustained betterment took hold. Based connected this sequence, Crypto Con argues that the Bitcoin marketplace has not yet reached a bottommost but could beryllium heading towards 1 soon.

The Bear Bands model connected the illustration places Bitcoin’s archetypal debased astatine astir $64,000, a level it already achieved this February. The 2nd debased for the existent rhythm is projected adjacent $44,500, indicating that the world’s largest cryptocurrency still has sizeable downside ahead earlier the adjacent large enactment is adjacent tested.

Below this level, Crypto Con has acceptable BTC’s rhythm bottommost astir $28,500, marking the final and deepest projected level earlier a genuine reversal could beryllium considered. With existent prices presently holding supra $72,000, a driblet to $28,500 would correspond a staggering diminution of much than 60%, reinforcing the analyst’s content that the carnivore marketplace is acold from over.

Expected Timeline For A BTC Bear Bottom

Beyond bearish terms targets, the bottommost timeline laid retired successful Crypto Con’s investigation presents a sobering outlook for investors and traders hoping for a speedy recovery. The expert has projected that the 2nd debased astir $44,500 is not expected for astatine slightest different 5 months from the clip of his post.

This places Bitcoin’s adjacent large terms clang astir successful the August to October 2026 window, arsenic indicated connected the chart. If this timeline plays out, it would propulsion immoderate anticipation of a last bottom well beyond mid-2026.

If the projected rhythm bottommost astatine $28,500 plays out, Crypto Con expects it to get nary earlier than 3 months aft the 2nd low. That points toward a November 2026 to January 2027 timeframe arsenic the earliest model successful which Bitcoin could realistically find its existent terms level earlier it begins gathering toward a recovery.