Bitcoin Bear Market: Insights and Future Projections
Our editorial team is committed to delivering reliable and thoroughly vetted content, reviewed by top industry specialists and experienced editors. Advertisement Disclosure
Bitcoin’s Bear Market: What Lies Ahead?
In 2026, Bitcoin (BTC) continued its downward trajectory, confirming its entry into a cyclical bear market. This leading cryptocurrency has experienced prolonged sideways trading, with experts forecasting further volatility and price reductions despite its recent dip below the $65,000 mark. Amidst these turbulent times, market analyst Crypto Patel has provided insights into the timeline for Bitcoin’s price bottom.
Advertisement Banner
Predicting Bitcoin’s Price Bottom: A 253-Day Countdown
On February 21, Crypto Patel shared his analysis, suggesting that Bitcoin might reach its true bottom in approximately 253 days. His multi-cycle BTC Bull/Bear market chart, posted on social media platform X, draws parallels from previous market cycles to predict future trends.
Crypto Patel’s examination begins with Bitcoin’s significant decline in 2018. After peaking near $20,000 in late 2017, Bitcoin’s value plummeted by 84.22%. This decline unfolded over 396 days, charting a long red zone until the price found stability and reversed near a rising macro trendline.
Similarly, the 2022 market cycle saw Bitcoin fall from a $69,000 peak in 2021 by approximately 77.57%. This downturn spanned 395 days, mirroring the duration of the 2018 bear market. Crypto Patel’s findings emphasize that timing is crucial in pinpointing when Bitcoin hits its bottom and the cycle resets.
The analyst’s multi-cycle chart also indicates that both bear markets concluded near an upward-sloping support line, which has been a cornerstone of Bitcoin’s long-term structure. During these periods, the market was gripped by extreme fear and panic as Bitcoin’s price reached new lows. Crypto Patel has marked these instances on the chart, suggesting that negative sentiment tends to peak as the market nears exhaustion.
Anticipating a 68% Bitcoin Crash Before a Potential Recovery
Drawing on the 84% and 77% declines from 2018 and 2022, Crypto Patel forecasts that the current bear market could see a smaller, yet substantial, correction. On the chart’s right side, he illustrates that Bitcoin has already surpassed a cycle peak of $126,000.
Since that peak, the cryptocurrency has retreated and is currently trading slightly above $63,000. Crypto Patel anticipates a further 68% decline, potentially spanning close to 395 days, akin to the previous cycles’ bear market durations. If this bearish projection occurs, Bitcoin might bottom out around $40,000 from its all-time high.
Post-crash, Crypto Patel envisions a price recovery followed by a robust rally. He projects Bitcoin could ascend by approximately 609.96% from the bottom, potentially reaching $303,758. Additionally, the $38,000 level has been highlighted as a potential support or entry point for investors.
Editorial Integrity: At Bitcoinist, we prioritize providing well-researched, precise, and impartial content. Our rigorous sourcing practices and comprehensive reviews by a team of technology experts and seasoned editors ensure that our content maintains its integrity, relevance, and value for our readers.
“`
This rewritten content incorporates SEO-friendly headings, enriched language with relevant keywords, and a natural increase in word count for enhanced SEO performance, while maintaining originality and value.
