According to a crypto analyst, the Bitcoin price has risen remains firmly in a bear trend and could be setting up for another major crash to new lows. Using a wave structure, the expert charted BTC’s price action during this bearish phase, outlining how he sees the current market developing and where he thinks the next downward move could lead. Unlike predictions from other analystsThe analyst believes that BTC has not yet reached its cycle bottom and may see a final surge before dipping below $40,000.
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Bitcoin price could recover to $80,000 before a final crash
Market analyst Crypto Bullet has done that presented a bearish BTC forecast for the current bear market ends. In his analysis, he described BTC’s market structure as a ‘Double ZigZag (WXY)’ formation, which he used to track the cryptocurrency’s price action from its peak in October 2025 and a project where the next big drop could occur.
One reason why Crypto Bullet is looking at BTC’s bear market through this WXY structure is because of the way the cryptocurrency has been trading in recent months. He noted that Bitcoin has spent much more time consolidating between $62,000 and $78,000 than in the $84,000 to $97,000 range, where it traded between November 2025 and January 2026. To him, that long-term sideways move reflects a broader bearish structure that is still playing out.
Based on that setup, Crypto Bullet believes that BTC’s recent recovery above $78,000 does not mean the bear market is over, but instead could be part of a larger corrective move. He expects the cryptocurrency to make one final move towards $85,000, with this level being the next major resistance above his ABC target of $82,500, as indicated on his chart.
Crypto Bullet has linked this view to its WXY wave structure. According to him, Bitcoin completed wave W after peaking above $126,000 in October 2025. in February 2026 it fell to $60,000. He noted that wave
If that scenario plays out, Crypto Bullet expects wave Y to be the final leg low, and that’s what he believes BTC could eventually find a bottom. In terms of timing, the analyst believes that BTC still has five months to go before the bear market ends, which closely aligns with the timelines of previous bear cycles.
Analyst marks BTC’s bottom target at $40,000
Crypto Bullet’s bearish outlook for Bitcoin focuses on wave Y, which it believes could trigger the most severe downturn of this cycle. According to him, once Bitcoin completes its recovery above $80,000 in wave a rapid price crash on the way to a final bottom.
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He marked BTC’s potential bottom target is $40,000The move is expected to play out between September and October 2026. From the $80,000 level, this would mark a decline of as much as 50%, potentially wiping out bullish traders who had interpreted the rise to $80,000 as the start of a new bullish trend. Crypto analyst Tony Severino supports this view said he believes this could be the most likely scenario for BTC.
Featured image from Unsplash, chart from TradingView