Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen
Alex Smith
2 weeks ago
Crypto analyst Blade has pointed to a Bitcoin trend that could signal when the leading crypto could find a bottom in this bear market cycle. The analyst also suggested that BTC could rally to as high as $400,000 in the next bull market.
Bitcoin Trend Which Points To When BTC Could Bottom
In an X post, Blade noted that every BTC cycle has ended the same way, with the trendline on the monthly chart breaking and support getting lost. He noted that when this happens, market participants call for a deeper crash, but that is when Bitcoin finds a bottom, just as it has for 15 years.
The analyst also mentioned that when Bitcoin finds a bottom, it builds a base and then starts the next leg higher. He remarked that 2026 is starting to look familiar, signaling that a bullish reversal was on the horizon. His accompanying chart showed that BTC could rally to a new high of around $400,000 in this next bull run. The chart also signaled that this target could be reached by 2030.
In another X post, Blade said that Bitcoin is getting ready for the final leg. This came as he noted that BTC has been making lower highs for almost a year and, as a result, most people assume the bull run is over. However, he pointed out that the leading crypto remains within the same structure, citing a Megaphone Bottom pattern. The analyst added that point 4 may already be in and that point 5 is now the only target.
His accompanying chart showed that point 4 is the bottom, with the possibility that Bitcoin may have bottomed at the February low of $60,000. With this, the leading crypto may now be targeting a rally to point 5 at around $160,000, which would mark a new all-time high for BTC.
A Drop To The Mid $60,000 Range Could Still Be On The Cards
In an X post, crypto analyst Colin signaled that Bitcoin could drop to the mid $60,000 range. He pointed to a Head-and-Shoulders (H&S) top pattern, which he noted is currently retesting the neckline where it broke down from. The analyst added that a rejection from that level would be a strong confirmation of the top pattern.
Colin declared that Bitcoin is being forced to make a decision and that it should happen within a day or two. He noted that the target is the mid-$60,000 range because a breakdown would simultaneously be a breakdown of the H&S and the channel. Meanwhile, the analyst also pointed to a bear flag that had formed for BTC.
At the time of writing, the Bitcoin price is trading at around $73,400, down in the last 24 hours, according to data from CoinMarketCap.
Related Articles
Zcash Fixes Critical Orchard Vulnerability As ZEC Holds $600 Support
Zcash has patched a dangerous vulnerability in its privacy-focused infrastructur...
Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels
Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify...
XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected
Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million...
Crypto Is A ‘Failed’ Asset Class, Says Renowned Economist
Economist and macro trader Alex Krüger has argued that “crypto” has largely fail...