With Bitcoin sliding from its recent all-time high and market sentiment sinking into extreme fear, many investors are convinced the race is over. While social media is abuzz with predictions of a deep bear market, with analysts claiming the next real bottom won’t hit until 2026, trader Alessio Rastani sees a different picture.
In an interview with Cointelegraph, Rastani explains why the recent decline may not signal the start of an extended bear cycle. Instead, he argues that the data points to a historically recurring pattern that has preceded strong rises about 75% of the time.
According to Rastani’s charts, this setup appeared after several past death events, the same pattern that many traders misinterpret as a bearish sign.
The trader also points to extreme sentiment indicators, oversold technicals and a strong correlation with the stock market that, in his view, all point to potential continued upside.
He adds that Bitcoin (BTC) may not have formed a “blowout top” — a feature that has defined previous market tops — suggesting that the recent high may not have been the ultimate top of the cycle.
However, Rastani does not shy away from dealing with the theory of the bear cycle. According to him, relying solely on time cycles can be dangerously misleading, and the price tells a completely different story.
For a deeper look at the charts and the full reasoning behind Rastani’s position, check it out the whole interview on Cointelegraph’s YouTube channel.
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