The Bitcoin worth is at present consolidating close to $65,000 on the weekly chart, with crypto analyst Physician Revenue warning that the market stays locked inside a broader bear market construction. In a “particular Bitcoin report” launched this week, the analyst reviewed previous worth actions and developments, assessed the market’s present place, and outlined what might unfold subsequent. The report’s construction highlights a development from euphoric peak to main capitulation and worth declines, adopted by stabilization and the potential of a pattern reversal.
From Market Euphoria To A Main Bitcoin Worth Crash
In an X submit on February 22, Physician Revenue shared a Bitcoin worth report, outlining six levels of the bear market primarily based on patterns he has noticed in each main Bitcoin cycle. His framework emphasised recurring drivers similar to liquidity mechanics, leverage positioning, and predictable human habits underneath stress and panic.
For Stage 1, Physician Revenue said Bitcoin noticed euphoric shopping for between $115,000 and $125,000 in 2025. He famous that regardless of the excessive bullish sentiment, the market was overleveraged and overloaded. Prolonged sideways motion additionally occurred at these highs, fueled by sudden worth spikes, which created an phantasm of energy. In response to the analyst, late market members believed danger had disappeared, whereas worth predictions reached excessive ranges, reflecting the highest section of greed.
Following this, Stage 2 started when Bitcoin dropped beneath the $100,000 psychological stage. Physician Proft defined that this stage was important as a result of its loss triggered stress amongst short-term traders and compelled leveraged merchants out. He said that the worth drop was speedy and dramatic, with the October 10, 2025, flash crash producing the biggest liquidation occasion in crypto historical past inside hours.
Subsequently, Physician Revenue revealed that Stage 3 confirmed the bear market by way of an much more brutal decline. He said that the Bitcoin worth had fallen from $97,000 in January 2026 to $47,000 in February, representing a greater than 50% crash from the all-time highs in simply 30 days. The analyst emphasised that this section was the quickest and most punishing, leaving many traders in deep panic and forcing them to incur losses they may not mitigate shortly sufficient. He famous that almost half of Bitcoin’s market capitalization was worn out throughout this quick interval, finishing what he described as a “violent mechanical repricing.”
The place The Market Stands And What Comes Subsequent
In his report, Physician Revenue famous that Bitcoin is at present in Stage 4 of his bear market framework. He stated that this section is characterised by dehydration, despair, and liquidity creation. The chart exhibits clearly outlined sideways, marking upside and draw back boundaries. In response to the analyst, this present stage is much less violent than the earlier one. Nonetheless, it extraordinarily exhausts retail merchants, producing liquidity as market makers lure each breakout merchants and breakdown sellers.
The analyst said that Stage 4 additionally drives the biggest short-term holder capitulation. He famous that retail merchants who missed promoting in earlier levels at the moment are exiting at a loss. In consequence, he expects a short-to-mid-term bounce between $57,000 and $60,000 throughout the present sideways vary. Following this, a breakdown towards Stage 5 is extra more likely to happen within the subsequent few months.
Notably, Physician Revenue described Stage 5 because the “true capitulation section.” He said that this stage will deliver whole worry and panic, probably involving the collapse of a serious participant or a black swan occasion. The analyst up to date his earlier Bitcoin projections of $40,000-$50,000 to an final backside of $35,000-$45,000. This implies one other important draw back from present ranges, the place the analyst says the capitulation will doubtless play out.
For the ultimate section, Physician Revenue stated Stage 6 will mix continued sideways motion with structural restoration. He said that promoting stress will steadily lower and the market will start creating the foundations for its subsequent bullish cycle. He added that giant gamers might additionally start accumulating right here, whereas retail traders could grow to be grasping for decrease costs and finally miss the true market backside. He stated this could be an ideal repeat of each bull cycle, the place retail traders purchase excessive and promote low.
Featured picture from Pixabay, chart from Tradingview.com
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