Bitcoin (BTC) may very well be gearing up for additional losses, as a crypto analyst has issued a severely foreboding forecast. In keeping with his evaluation, Bitcoin’s present construction reveals a predominantly bearish development, with value 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 remaining backside but. The chart compares the present weekly construction to Bitcoin’s 2022 cycle, displaying almost equivalent value behaviour following a double high formation and a bear flag that led to a serious breakdown.
In 2022, Bitcoin first printed a double high close to the higher resistance zone above $60,000. It was then rejected from the rounded high construction, reversing right into a sustained draw back development. After this, the value skilled a pointy breakdown, adopted by a three-week consolidation section that developed into a bear flag sample.
That consolidation acted as a quick pause earlier than a bearish continuation, with BTC in the end 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 virtually completely. The precise facet of the chart reveals that BTC shaped an identical 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 degree close to $74,321, which beforehand acted as assist.
Following this drop, Bitcoin entered a consolidation section that intently resembled the 2022 bear flag. The construction slopes downward, reflecting a serious value compression following the primary massive wick to the draw back. In keeping with Jussy, Bitcoin is now within the third week of this consolidation window, the identical time limit the place the 2022 market transitioned into its remaining value crash.
The Backside Goal
Utilizing the identical proportion decline from the 2022 breakdown, Jussy has predicted how low the Bitcoin value 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 degree round $74,320, doubtlessly driving Bitcoin’s value right down to roughly $46,199. The blue line under this zone within the value chart represents Bitcoin’s remaining draw back goal. Jussy predicts an excellent deeper decline to $28,301, marking BTC’s value backside earlier than any significant restoration takes maintain.
Featured picture created with Dall.E, chart from Tradingview.com
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