The worst case scenario has now been laid out. Some analysts say Bitcoin could fall as low as $41,000 if a bear flag pattern currently forming on price charts plays out — a warning sign drawing attention as the cryptocurrency trades near $66,000, roughly half of what it was worth at its recent high.
Related Reading
The Geopolitical shock comes at a bad time
Closure of the Strait of Hormuz Oil prices surged this week. This shook global markets, and pulled risk assets down. Bitcoin Was caught up in the sale?
The price of gold fell to below $66,000, as traders took into account rising energy costs and stubborn US inflation. They also considered the fresh pressure on bond market. This geopolitical eruption has further weakened an already vulnerable price set-up.
You can also find out more about the A-Team here. bear flag pattern — a technical chart signal where prices briefly consolidate after a decline before continuing lower — is now visible on Bitcoin’s chart.
Market analysts report that the initial target for the downside is near $50,000. If the pressure to sell increases, then the $41,000 mark will become a more significant floor.
Bitcoin is now 47% lower than its previous peak. It may sound alarming to hear such a drawdown, but for analysts who have been tracking long-term cycles in cryptography it’s a familiar pattern.
The Cycle Has Been Played Before
The data shows that Bitcoin loses momentum during midterm years. The same pattern is repeated in reports dating back to 2014 and 2018 and even 2022: Prices start out relatively steady, then fade into the early part of Q2, before slipping lower during the summer. This historical average has been closely followed by the 2026 price movement.
In general, this is the time when #Bitcoin The decline continues in the midterm year. pic.twitter.com/JZ7Rcx2wJY
— Benjamin Cowen (@intocryptoverse) March 27, 2026
Benjamin Cowen is an analyst who’s been following Bitcoin for many years. He points out what he refers to as the “cycle” of Bitcoin. mid-cycle dip zone — a phase that typically follows a major bull run and stretches across several quarters.
Cowen says that midterms aren’t a time of calamity. The midterm years are cooldown phases. The rally loses steam. Volatility increases. Most investors do not expect corrections to last longer than they actually do.
What is happening right now fits that description. Bitcoin has shifted its performance year-to date after a successful run through 2025. negativeThe softening of the market is similar to previous cycles.
Related Reading
Patience may be the only strategy left
Analysts have a simple message for long-term Bitcoin investors: it’s happened before and will eventually end.
However, the current situation is not very encouraging. The macro pressures on Bitcoin are increasing at the exact same time that its chart is deteriorating. There is no catalyst to reverse this trend.
Chart by TradingView. Image from Unsplash.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
