Crypto analyst Blade pointed to a Bitcoin trend that could signal when the leading cryptocurrency could find a bottom in this one bear market cycle. The analyst also suggested that BTC could rise to as high as $400,000 in the next bull market.
Bitcoin trend that indicates when BTC might fall
In an X postBlade noted that each BTC cycle ended the same way, with a trend line break on the monthly chart and a loss of support. He noted that when that happens, market participants are calling for a deeper crash, but that’s when Bitcoin is bottoming outjust like 15 years.
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The analyst also mentioned that when Bitcoin finds a bottom, it builds a base and then starts the next leg higher. He noted that 2026 is starting to look familiar, signaling that a bullish reversal is on the horizon. Its accompanying chart showed that BTC could recover to a new high of around $400,000 in the next period bull run. The graph also shows that this goal could be achieved by 2030.
In the second X postBlade said that Bitcoin is getting ready for the last stretch. This came after noticing that BTC was hitting lower highs for almost a year and, as a result, most people assumed the run was over. However, he noted that the leading cryptocurrency remains within the same structure, citing a Megaphone bottom pattern. The analyst added that point 4 may already be here, and that point 5 is now the only goal.
Its accompanying chart showed that point 4 is the bottom, with the possibility of Bitcoin falling to the February low of $60,000. Additionally, the leading cryptocurrency may now be targeting a 5-point rally to around $160,000, which would indicate a new all-time record for BTC.
A drop to the mid-range of $60,000 could still be in sight
In an X postcrypto analyst Colin signaled that Bitcoin could fall to the mid-range of $60,000. He pointed to a Head and Shoulders (H&S) the pattern above, which he noted is currently retesting the neckline where it left off. The analyst added that a rejection from that level would be a strong confirmation of the top pattern.
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Colin stated that Bitcoin is being forced to make a decision and it should happen within a day or two. He noted that the target is the mid-range of $60,000 because a breakdown would be a simultaneous breakdown of H&S and channels. Meanwhile, the analyst also pointed to a bear flag which was formed for BTC.
At the time of writing, the price of Bitcoin was trading at around $73,400, a decline over the past 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
