One thing that stood out Bitcoin is how different the recent bull cycle is it came from other bull cycles. For example, even after Bitcoin’s price rose to fresh all-time highs, altcoins never followed suit, and therefore there was no explosive altcoin season as many expected. After this deviation, Swallow Academy cryptocurrency analyst alleged that the digital asset is likely to continue to fluctuate, which would mean it has entered another bear market cycle.

Why Bitcoin Price Drops Below $30,000

A chart shared on TradingView by a cryptocurrency analyst indicates that the Bitcoin price has completed a head and shoulders formation. The first arm formed in early 2025, and when the digital asset reached a fresh all-time high at the end of the year, the head formed.

Then, entering 2026, as the price began its brutal reversal, a second arm formed. Now the cryptanalyst admits that the second arm is a bit tender, but it is still an arm and that completed the pattern. The end of this pattern points to the fact that Bitcoin’s price is weakening and may collapse further.

This structure actually indicates much lower zones than most of the market expects. But a cryptocurrency analyst explains it, although some say it is extreme cryptocurrency 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 follow the same course. As before, the opposite of market expectations tends to happen, and since most investors expect Bitcoin not to fall below $40,000, it is likely that it will fall much lower. Additionally, Bitcoin price has had difficulty maintaining support at $70,000, and if this support is lost, it could open the door to deeper declines.

Once the price of Bitcoin starts falling again, the cryptocurrency analyst makes his first stop at $52,300, where there is support. However, the analyst expects this level to eventually drop as well, and the next stop for Bitcoin will be to hit a low near $30,000.

As Swallow Academy explains, this level would then be the most logical level to start accumulating BTC. This is because bitcoin recovery is usually quick once the price hits bottom and starts to reverse again.

Featured image from Dall.E, chart from TradingView.com