A crypto analyst has stated that the Bitcoin price is currently at a record high. remains firmly in a bear trend It could also be getting ready for another crash, possibly to new record lows. The expert used a wave-structure to map out BTC’s price movement during this bearish period, outlining his view of the market and the direction he thinks it will go. As opposed to other analysts’ predictionsThe analyst thinks that BTC is not at its bottom cycle and could see one final rise before it plunges below $40,000
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Bitcoin could bounce back to $80,000 by the end of this year
Crypto Bullet is a Market Analyst. presented A bearish BTC prediction on X suggests that BTC’s flagship currency may have further declines in store. the current bear market ends. In his analysis he described BTC’s Market Structure as A “Double ZigZag (WXY)” It is used to monitor the price of cryptocurrency. its October 2025 peak Imagine where the next significant decline might occur.
Crypto Bullet’s WXY-structured bear market for BTC is due to the recent price movements of Bitcoin. Bitcoin, he noted, has spent much more time consolidating in the $62,000-$78,000 range than it had between November 2025 and January 2026 when it was trading within that $84,000-97,000 range. He believes that the sideways motion is a reflection of a larger bearish structure.
Crypto Bullet is convinced that this setup will lead to a successful outcome. BTC’s recent rebound above $78,000 This does not necessarily mean that the bear market is over, but it could be part of an overall corrective movement. He believes the crypto will make a final surge higher towards $85,000. As shown on the chart, this is the next significant resistance level above the ABC target of 82,500.
Crypto Bullet has correlated this view with his WXY waves structure. Bitcoin, according to Crypto Bullet completed Wave W in October 2025 after reaching a peak above $126,000. plunging to $60,000 in February 2026. He pointed out that wave X started after BTC had reached $60,000.
Crypto Bullet, if that scenario is realized, expects the wave Y to be the low leg, and this is what he believes. BTC could eventually find a bottom. According to the analyst, BTC’s bear market will end in five months, which is very similar to previous cycles.
Analyst marks BTC bottom target at $40,000.
Crypto Bullet has a bearish view on Bitcoin. He believes wave Y could be the worst downturn in this cycle. He said that after Bitcoin’s wave X rebound to $80,000 was complete, the market might reverse abruptly. a rapid price crash The final bottom.
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The mark BTC’s potential bottom target at $40,000The move is expected to occur between September 2026 and October 2026. The drop would amount to a massive 50% from $80,000, and could potentially wipe out all bullish investors who had taken the recent surge up to $80,000 for a sign of new growth. Tony Severino, a crypto analyst, supports this forecast. said He believes that this is the most probable scenario for BTC.
Featured Image from Unsplash. Chart by TradingView
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Source: www.newsbtc.com
