Crypto analyst Blade has pointed to a Bitcoin trend that could signal when the leading crypto could find a bottom bear market cycle. The analyst also suggested that BTC could rise as high as $400,000 in the next bull market.
Bitcoin trend pointing to when BTC could fall
In one X messageBlade noted that every BTC cycle has ended the same way, with the trendline on the monthly chart breaking and support being lost. He noted that when this happens, market participants call for a deeper crash, but that’s when Bitcoin has found a bottomas has been the case for fifteen years.
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The analyst also said that when Bitcoin finds a bottom, it builds a base and then begins the next leg higher. He noted that 2026 is starting to look familiar, indicating a bullish reversal is underway. Its accompanying chart showed that BTC could rise to a new high of around $400,000 in the next period running of the bulls. The graph also indicated that this goal could be achieved by 2030.
In another X messageBlade 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 point 5 is now the only target.
His accompanying chart showed that point 4 is the bottom, with the possibility that Bitcoin may have hit the low of $60,000 in February. With this, the leading cryptocurrency may now be aiming for a rally to point 5 around $160,000, which would mark a milestone. new all-time record for BTC.
A drop to the mid-$60,000s could still be in store
In one X messagecrypto analyst Colin indicated that Bitcoin could fall to the mid-$60,000s. He pointed to A Head and shoulders (H&S) top pattern, which he noted is currently retesting the neckline where it broke. The analyst added that a rejection from that level would be strong confirmation of the top pattern.
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Colin stated that Bitcoin is being forced to make a decision and it should happen within a day or two. He noted that the target is a mid-$60,000 range because an outage would be an H&S and channel outage at the same time. Meanwhile, the analyst also pointed out one carry flag that had formed before BTC.
At the time of writing, the Bitcoin price is trading around $73,400, down in the past 24 hours. facts from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com