The broader crypto house has continued to imagine that Bitcoin (BTC) is in a bear market. This narrative is fueled by its current value crash to $60,000 in February this yr, reflecting a forty five% decline from its all-time excessive above $126,000 in October 2025. Nonetheless, technical analyst Crypto Patel boldly debunks this narrative. He has said that the bear market “just isn’t coming,” suggesting that the present market drop could be a short lived dip or “liquidity seize,” earlier than a pointy reversal to the upside.
Why The Bitcoin Bear Market Is Not Coming
Crypto Patel said on X that the Bitcoin bear market just isn’t coming as a result of everybody seems to be ready for it to occur whereas counting on the four-year cycle idea. The analyst defined his distinctive thesis by outlining a key value stage on his accompanying value chart that would sign a shift in Bitcoin’s trajectory.
Crypto Patel famous that if Bitcoin can shut every week above $76,000, it could counsel the present market decline was nothing greater than a liquidity seize. He referred to this potential motion as an “expanded fiat deviation,” emphasizing that comparable patterns have traditionally trapped bearish merchants at each main cycle low. Based on him, as soon as this deviation begins, it might sign that the market is getting ready for a serious bullish reversal.
Notably, the analyst criticized those that evaluate the present cycle to the 2018 bear market or the 2022 market crash. Crypto Patel identified that, not like the present market, in 2018, there have been no spot ETFs, no Sovereign Wealth Funds accumulating BTC, no public corporations holding BTC on their stability sheets, and no states constructing strategic Bitcoin reserves.
Equally, in 2022, the analyst highlighted that the market collapse was completely pushed by structural failures fairly than a pure cycle prime. He said that the interval was marked by widespread leverage fraud, the Luna crash, the FTX collapse, and the meltdown of Celsius and Three Arrows Capital.
In distinction, Crypto Patel famous that the present cycle presents a basically completely different macro backdrop. He emphasised that institutional inflows are surging as alternate provide hit multi-year lows. Moreover, he famous that the halving-induced provide shock is but to be priced in. Primarily based on these tendencies, the analyst means that right this moment’s market dynamics are the polar reverse of previous cycles.
Analyst Outlines BTC’s Roadmap Towards $200,000
In his publish, Crypto Patel shared a second stage after $76,000, which he believes might propel Bitcoin to a brand new all-time excessive of $200,000 this cycle. The analyst described the $98,000 resistance space as a set off, suggesting {that a} weekly shut above this stage wouldn’t solely verify Bitcoin’s energy but in addition utterly invalidate its bear market thesis.
Based on his bullish roadmap, as soon as Bitcoin breaks $98,000, the market might expertise a second wave of panic-driven momentum. At this level, he expects the BTC value to start out pushing towards $150,000 with no pullbacks earlier than probably skyrocketing to $200,000.
Featured picture from Pixabay, chart from Tradingview.com
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