Bitcoin has been a big hit in April staging a recovery from The Dow briefly rose above $79,000, its lows in March. But not all are convinced of the rebound, Some analysts think that the rally is a mere mid-bear market rally, before a more serious correction.
A previous analyst predicted that the Bitcoin price would peak by July 2025. This same analyst now predicts the Bitcoin price will drop before the peak. puts in a true bottom.
Related Reading
Analyst Uses Previous Top Model To Predict Bitcoin Bottom
Crypto analyst Killa made a cycle-top prediction This was a prediction of $121 362 in June 2025. This prediction was made only a few weeks before Bitcoin hit its highest level of $126.100 in October 2020. Killa is now using the same framework as before to turn the model towards the downside.
This projection is based on the principle that, as Bitcoin matures, each subsequent market cycle will produce a lower multiple in comparison to its previous cycle bottom. The data shows that the multiple from high to low has declined over the five cycles, with the highest value at 15.50x and the lowest at 15600.
Killa, using the same reduction rate, projects that the cycle multiple will be 3.25x. He divides the top of the cycle of $126,100 to get a target base of $38,800.
He added two additional scenarios, $40,740, and $42,680, to his prediction in order to take into account the 5% variation. Bitcoin, even at its highest point in that range would be far below $60,000 that many market participants have identified as the bottom of the correction.
Bitcoin Price Chart. Source: @KillaXBT On X
Bitcoin’s current price is $78,015. To get to $42,680, it would take a drop by about 45%. A further fall to $38,800, would require another drop by around 50%.
Three Years up and One Year down
Killa’s bottom forecast is supported by a separate study conducted by CryptoBullet. from a symmetry standpoint.
CryptoBullet’s weekly Bitcoin chart The current cycle is described as a five wave Elliott Wave, beginning late in 2022. Wave 5 will finish around October 2025 at the high of $126,000. This correction is labeled in blue as a corrective W-XY structure, and it projects a Wave Y final leg below $50,000 or $45,000.
Bitcoin Weekly Chart. Source: @CryptoBullet1 On X
Related Reading
Analysts say that three years upward price movement from November 2022’s bottom to 2025’s peak can not be reasonably corrected by a decline of less than one year. According to the analyst, the current bear phase will extend into 2026’s second half before the bottom structure is completed.
Chart from 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
