The above expected recovery of Bitcoin it looks increasingly dark due to the formation of a bearish flag. The leading cryptocurrency fell further below $74,000 in the past 24 hours, and one analyst believes the latest move is just another phase in a much greater decline.
Bitcoin is currently trading at $73,240, down about 3.2% on the day. He made that fall the bearish analysis of TradingView by Xanrox is more relevant, as the analyst warned that Bitcoin could lose the lower region of its current structure and begin a broader decline to $44,000.
Bitcoin’s bear market structure is 70% complete
According to expert crypto analyst known as Xanrox on social media, Bitcoin’s bear market structure is about 70% complete. Xanrox’s prediction is based on the idea that Bitcoin was moving through the great corrective structure from its all-time high above $126,000 in October 2025.
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Technical analysis of the Bitcoin chart shows three separate bearish flag formations on the daily candle time frame. The first is a small bearish flag, the second is a medium bearish flag, and the third is a larger bearish flag that is currently developing around the current trading range.
The Elliott wave number places the entire Bitcoin price action since October in an ABC corrective pattern, with wave B now complete. That reading puts the Bitcoin bear market about 70% over, but the most painful part is yet to come.
Bitcoin price prediction
The ultimate prediction is that Bitcoin’s current correction will continue for months on a defined trajectory. The first major level in the roadmap is the lower limit of the bearish flag, with the $71,000 region standing as an important level here. A drop below $71,000 would strengthen the bearish position and could expose Bitcoin to a new move to the previous low in early February around $63,000.
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The overall forecast points to a deeper correction, with the chart showing Bitcoin moving through the stages of a corrective C-wave that could eventually bottom bad side around 44,000 dollars. Xanrox has identified that level as a strong control point on the weekly candlestick chart, meaning it represents a high-volume zone that could attract price if it breaks below $63,000.
The timeline attached to the forecast extends into the second half of the year. Designed the bottom is expected around September or October 2026, followed by a stronger recovery through October, November and December. The roadmap then points to a larger bull cycle after the correction ends, in 2027 and 2028, with Bitcoin potentially climbing to as high as $200,000 by 2028.
Benjamin Cowen, CEO of Into The Cryptoverse and former NASA researcher, also quoted October 2026 as the bottom of his base case for a Bitcoin bear market, according to Xanrox’s timeline.
Featured image from Getty Images, chart from Tradingview.com
