Recently, the crypto market has seen bears taking over the market, and Bitcoin has not been spared either. Bitcoin is currently experiencing a bearish move, with its price standing at $79,841.61. Over the last 24 hours, BTC has dipped by 3.29%, reflecting the ongoing uncertainty in the market. As the leading cryptocurrency struggles with market pressure, analysts have provided varying outlooks for its next significant move.
Bitcoin’s potential bullish and bearish patterns
Technical analysis leads to the evaluation that Bitcoin may touch the cycle top in the coming months at $95,000 to $100,000. This is a projection coming from combining the 1.618 Fibonacci level with a longer-term bearish price channel.
The current market look relates to the previous cycle hints, which stretches to a coming rally during Wave 5 of the cycle. Analysts expect this trajectory to take place, suggesting the digital asset may experience an upward surge.
Despite the bullish surge, the market analyst expects a great correction ushering in a bearish phase. The new point begins with Wave A which could lead a market low by the 2025 summer. After the struggle, dead cat bounce will take over as bulls will tend to dominate between the months of September and December 2025. Despite the upswing, bears are expected to keep their dominance for a while.
2026 market correction and current performance
The most significant decline is anticipated to occur in 2026, during Wave C. Bitcoin’s price could drop to a range between $23,000 and $25,000, in line with past market cycles following a bull run. This forecast aligns with historical trends that have seen deep corrections after bull market cycles.
As per the data available on CoinMarketCap at the time of writing, Bitcoin was trading at a price value of $79,841.61 and had fallen 3.29% in the last 24 hours. As to the market capitalization, it is now $1.58 trillion; this has decreased by 3.21 %.
The trading volume has increased by 54.15% for Bitcoin within a 24-hour period, amounting to $58.81 billion. These figures depict today’s market condition in terms of volatility and unpredictability of whether the price of Bitcoin will rise or fall in the future.
