One thing has stood out Bitcoin is how different the recent bull cycle was from other bull cycles. For example, even after the Bitcoin price rose to new all-time highs, the altcoins never followed suit, and therefore there was no explosive altcoin season as many expected. In response to this deviation, crypto analyst Swallow Academy has done so claimed that the digital asset is likely to continue to diverge, and that would mean it has now entered a new bear market cycle.
Why Bitcoin Price Drops Below $30,000
The chart shared by the crypto analyst on the TradingView website points to the fact that Bitcoin price has completed a head-and-shoulders pattern. The first shoulder was formed at the beginning of the year 2025, and when the digital asset reached a new all-time high later that year, the head was formed.
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Then, towards 2026, when the price began a brutal reversal, a second shoulder formed. Now the crypto analyst admits that the second shoulder is a bit weak, but it is still a shoulder, and this has completed the pattern. The end of this pattern indicates that Bitcoin price is weakening and could crash further.
This structure actually points to much lower zones than most of the market expects. But the crypto analyst explains that even though some people say, it’s an extreme thing to say the cryptocurrency has entered a bear marketthe facts say otherwise.
Since this cycle is not the same as other cycles, it is logical to expect that the bear market will not play out the same way. As before, the opposite of what the market expects usually happens, and since most investors expect Bitcoin not to fall below $40,000, it is likely to end up much lower. Moreover, Bitcoin price struggled to hold the support at $70,000, and if this support is lost, it could open the way for deeper declines.
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Once the Bitcoin price starts to fall again, the crypto analyst will set the first stop at $52,300, where there is support. However, the analyst expects that this level will also eventually fail, and that the next stop for Bitcoin would be a bottom somewhere around $30,000.
As Swallow Academy explains, this level would then be the most logical level to start collecting BTC. This is because Bitcoin’s recovery is usually rapid once the price hits a low and starts to turn around again.
Featured image of Dall.E, chart from TradingView.com