Bitcoin (BTC) could possibly be gearing up for additional losses, as a crypto analyst has issued a severely foreboding forecast. Based on his evaluation, Bitcoin’s present construction exhibits a predominantly bearish pattern, with worth anticipated to succeed in a backside under $30,000 earlier than any potential reversal to the upside.
Bitcoin Repeats 2022 Type Bear Market
Crypto market analyst Jussy has printed a brand new Bitcoin chart evaluation on X, warning that the market might not have reached its closing backside but. The chart compares the present weekly construction to Bitcoin’s 2022 cycle, exhibiting almost an identical worth behaviour following a double prime formation and a bear flag that led to a serious breakdown.
In 2022, Bitcoin first printed a double prime close to the higher resistance zone above $60,000. It was then rejected from the rounded prime construction, reversing right into a sustained draw back pattern. After this, the value skilled a pointy breakdown, adopted by a three-week consolidation part that developed into a bear flag sample.
That consolidation acted as a short pause earlier than a bearish continuation, with BTC finally collapsing by one other 38.96% from the bear flag vary. Consequently, the ultimate leg down erased roughly $11,095, carrying the value right into a long-term assist zone the place the market lastly hit a backside and commenced to stabilize forward of a restoration.
Apparently, Jussy argues that the present Bitcoin cycle is now reproducing the identical bear market construction seen in 2022 nearly completely. The appropriate aspect of the chart exhibits that BTC shaped an analogous double-top sample above the $120,000 area in 2025, solely to roll over and break down sharply. This correction pushed the value under the important thing horizontal stage close to $74,321, which beforehand acted as assist.
Following this drop, Bitcoin entered a consolidation part that carefully resembled the 2022 bear flag. The construction slopes downward, reflecting a serious worth compression following the primary massive wick to the draw back. Based on Jussy, Bitcoin is now within the third week of this consolidation window, the identical cut-off date the place the 2022 market transitioned into its closing worth crash.
The Backside Goal
Utilizing the identical share decline from the 2022 breakdown, Jussy has predicted how low the Bitcoin worth may fall earlier than it makes an attempt a notable restoration. His chart means that BTC has already begun its descent from the bear flag sample, initially crashing under the $100,000 area and now buying and selling close to $65,000.
Now, the analyst tasks one other corrective transfer of roughly 38% from the previous assist stage round $74,320, probably driving Bitcoin’s worth all the way down to roughly $46,199. The blue line under this zone within the worth chart represents Bitcoin’s closing draw back goal. Jussy predicts an excellent deeper decline to $28,301, marking BTC’s worth backside earlier than any significant restoration takes maintain.
Featured picture created with Dall.E, chart from Tradingview.com
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