Cryptocurrency analyst Blade pointed to a Bitcoin trend that could indicate when the leading cryptocurrency could find a bottom in the trend. Bear market cycle. The analyst also noted that Bitcoin could rise as high as $400,000 in the next bull market.
Bitcoin trend that indicates when BTC could hit the bottom
in Share XBlade noted that each Bitcoin cycle ends the same way, with the trend line on the monthly chart breaking and losing support. He noted that when this happens, market participants are calling for a deeper collapse, but this is the right time Bitcoin found bottomjust as happened 15 years ago.
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The analyst also mentioned that when Bitcoin finds a bottom, it builds a base and then starts the next phase up. He noted that 2026 was starting to look familiar, suggesting that a bullish reversal was on the horizon. The accompanying chart showed that BTC could rise to a new high of around $400,000 on this next day. Running bull. The graph also indicated that this goal could be reached by 2030.
In another Share XBlade said that Bitcoin is preparing for the final stage. This came when he pointed out that Bitcoin has been making lower highs for about a year, and as a result, most people assume that the uptrend is over. However, he noted that the leading cryptocurrencies remain within the same structure, citing A Bottom speaker pattern. The analyst added that point 4 may already exist and point 5 is now the only target.
The accompanying chart showed point 4 as the bottom, with Bitcoin potentially hitting a February low of $60,000. With this, the leading cryptocurrencies may now target a rise to point 5 at around $160,000, which represents an upside. New all-time high For Bitcoin.
A drop to the mid-$60,000 range could be on the cards
in Share XCryptocurrency analyst Colin noted that Bitcoin could fall to the mid-$60,000 range. He pointed to A Head and Shoulders (H&S) The upper pattern, which indicated that it is currently retesting the neckline from which it broke down. The analyst added that rejection from this level would serve as a strong confirmation of the upper pattern.
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Colin announced that Bitcoin is forced to make a decision and that it should happen within a day or two. He pointed out that the target is the mid-$60,000 range because the collapse will simultaneously be a collapse of the H&S index and the channel. At the same time, the analyst also pointed out A Bear knowledge Which was formed for BTC.
At the time of writing, Bitcoin is trading at around $73,400, down over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Getty Images, chart from Tradingview.com
