Cryptocurrency analyst Blade has highlighted a Bitcoin trend that could signal when the leading crypto could find a bottom in this area. bear market cycle. The analyst also suggested that BTC could reach $400,000 during the next bull market.
Bitcoin trend that indicates when BTC could reach its lowest level
In a MessageBlade noted that every BTC cycle ended the same way, with the trendline on the monthly chart breaking and support lost. He noted that when this happens, market participants call for a deeper crash, but that’s when Bitcoin finds a bottomas has been the case for 15 years.
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The analyst also mentioned that when Bitcoin finds a bottom, it builds a base and then begins the next leg higher. He noted that 2026 is starting to look familiar, signaling that a bullish reversal is on the horizon. Its attached chart shows that BTC could reach a new high of around $400,000 over the next year. bull run. The chart also indicates that this goal could be achieved by 2030.
In another MessageBlade said that Bitcoin is preparing for the final stage. This came as he noted that BTC had reached near year-long lows and hence most people assume the bull run is over. However, he stressed that the main crypto remains within the same structure, citing a Megaphone background template. The analyst added that point 4 may already be there and point 5 is now the only target.
The accompanying chart shows that point 4 is the lowest point, with the possibility that Bitcoin has reached the February low of $60,000. With this, the leading crypto could now aim for a rally to point 5 at around $160,000, which would mark a new absolute record for BTC.
A drop to the mid-$60,000 range could still be on the cards
In a Messagecrypto analyst Colin reported that Bitcoin could fall to around $60,000. He pointed at a Head and shoulders (SST) The top model, which he noted is currently retesting the neckline where it broke. The analyst added that a rejection from this level would be a strong confirmation of the uptrend.
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Colin said Bitcoin was forced to make a decision and it should happen within a day or two. He noted that the target is around $60,000, as an outage would simultaneously result in a breakdown of the health and safety system and the canal. At the same time, the analyst also highlighted a bear flag which had formed for BTC.
At the time of writing, the Bitcoin price is trading at around $73,400, down over the past 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
