Analyst Says Bitcoin ‘Not Quite Near Bottom,’ Warns BTC Has Room for Further Downside if History Repeats – Crypto News – Crypto News
Connect with us
Analyst Says Bitcoin ‘Not Quite Near Bottom,’ Warns BTC Has Room for Further Downside if History Repeats Analyst Says Bitcoin ‘Not Quite Near Bottom,’ Warns BTC Has Room for Further Downside if History Repeats

others

Analyst Says Bitcoin ‘Not Quite Near Bottom,’ Warns BTC Has Room for Further Downside if History Repeats – Crypto News

Published

18 hours ago

on

Crypto analyst Rekt Capital says Bitcoin (BTC) may not have reached its bear market bottom, arguing that historical market cycles suggest there could still be additional downside ahead.

In a new YouTube video, the analyst says the current market shares similarities with Bitcoin’s 2022 bear market while also exhibiting characteristics seen during previous cycles.

According to Rekt Capital, macro downtrends that follow breakdowns from descending triangle patterns have historically led to extended periods of downside.

While the recent decline has been steep, the analyst says a short-term relief rally is possible before another period of consolidation.

“This is probably going to be yet another redistribution range like what we saw back here… in the search for a new bear market bottom.”

Rekt also compares the current cycle with prior bear markets using the number of days elapsed since the market peak.

He notes that Bitcoin is approaching roughly 270 days since its 2025 peak, while previous cycles typically took around 365 days to reach a bear market bottom.

“By standards of 2022… we’re not quite near the bottom… there’s still time and there’s still magnitude for downside.”

He adds that, at a similar point in the 2018 and 2014 cycles, Bitcoin had not yet broken down from comparable macro chart patterns.

Based on those historical comparisons, Rekt Capital says it is “a little bit premature” to conclude that Bitcoin is close to bottoming, adding that “” if the current cycle continues to follow historical trends.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Related Topics:
Continue Reading

Trending