Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen – Crypto News – Crypto News
Connect with us
Bitcoin Bitcoin

Blockchain

Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen – Crypto News

Published

1 day ago

on

Crypto analyst Blade has pointed to a Bitcoin trend that could signal when the leading crypto could find a bottom in this bear market cycle. The analyst also suggested that BTC could rally to as high as $400,000 in the next bull market. 

Bitcoin Trend Which Points To When BTC Could Bottom

In an X post, Blade noted that every BTC cycle has ended the same way, with the trendline on the monthly chart breaking and support getting lost. He noted that when this happens, market participants call for a deeper crash, but that is when Bitcoin finds a bottom, just as it has for 15 years. 

Related Reading

The analyst also mentioned that when Bitcoin finds a bottom, it builds a base and then starts the next leg higher. He remarked that 2026 is starting to look familiar, signaling that a bullish reversal was on the horizon. His accompanying chart showed that BTC could rally to a new high of around $400,000 in this next bull run. The chart also signaled that this target could be reached by 2030. 

Source: Chart from Blade on X

In another X post, Blade said that Bitcoin is getting ready for the final leg. This came as he noted that BTC has been making lower highs for almost a year and, as a result, most people assume the bull run is over. However, he pointed out that the leading crypto remains within the same structure, citing a Megaphone Bottom pattern. The analyst added that point 4 may already be in and that point 5 is now the only target. 

His accompanying chart showed that point 4 is the bottom, with the possibility that Bitcoin may have bottomed at the February low of $60,000. With this, the leading crypto may now be targeting a rally to point 5 at around $160,000, which would mark a new all-time high for BTC. 

A Drop To The Mid $60,000 Range Could Still Be On The Cards

In an X post, crypto analyst Colin signaled that Bitcoin could drop to the mid $60,000 range. He pointed to a Head-and-Shoulders (H&S) top pattern, which he noted is currently retesting the neckline where it broke down from. The analyst added that a rejection from that level would be a strong confirmation of the top pattern. 

Related Reading

Colin declared that Bitcoin is being forced to make a decision and that it should happen within a day or two. He noted that the target is the mid-$60,000 range because a breakdown would simultaneously be a breakdown of the H&S and the channel. Meanwhile, the analyst also pointed to a bear flag that had formed for BTC. 

At the time of writing, the Bitcoin price is trading at around $73,400, down in the last 24 hours, according to data from CoinMarketCap.

Bitcoin
BTC trading at $72,847 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Related Topics:
Continue Reading

Trending