Bitcoin (BTC) could possibly 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 pattern, with value anticipated to achieve a backside under $30,000 earlier than any potential reversal to the upside.
Bitcoin Repeats 2022 Model Bear Market
Crypto market analyst Jussy has revealed a brand new Bitcoin chart evaluation on X, warning that the market might not have reached its ultimate backside but. The chart compares the present weekly construction to Bitcoin’s 2022 cycle, exhibiting practically similar 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 pattern. 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 short pause earlier than a bearish continuation, with BTC finally 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 help zone the place the market lastly hit a backside and started to stabilize forward of a restoration.
Curiously, Jussy argues that the present Bitcoin cycle is now reproducing the identical bear market construction seen in 2022 virtually completely. The best facet of the chart reveals that BTC shaped an analogous 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 stage close to $74,321, which beforehand acted as help.
Following this drop, Bitcoin entered a consolidation section that carefully resembled the 2022 bear flag. The construction slopes downward, reflecting a serious value compression following the primary giant 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 ultimate value crash.
The Backside Goal
Utilizing the identical share 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 initiatives one other corrective transfer of roughly 38% from the previous help stage round $74,320, probably driving Bitcoin’s value right down to roughly $46,199. The blue line under this zone within the value chart represents Bitcoin’s ultimate 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
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our staff of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
