According to a cryptocurrency analyst, the price of Bitcoin remains in a bearish trend and may be preparing for another major crash and reaching fresh lows. Using a wave structure, the expert has mapped out BTC’s price action during this bear phase, showing how he sees the current market developing and where he thinks the next move down could lead. Against other analysts’ predictionsthe analyst believes that BTC has not yet reached the bottom of the cycle and may first see a final rally before falling below $40,000.
Bitcoin price may rebound to $80,000 before final crash
Crypto Bullet market analyst has presented bearish BTC forecast for X, suggesting that the flagship cryptocurrency may still have further declines ahead the current bear market is ending. In his analysis, he described the BTC market structure as a “Double ZigZag (WXY)” pattern, using it to track the cryptocurrency’s price action from its peak in October 2025 and a project that could see another major decline.
One of the reasons why Crypto Bullet views the BTC bear market through this WXY structure is the way the cryptocurrency has been trading in recent months. He noted that Bitcoin spent significantly more time consolidating between $62,000 and $78,000 than in the $84,000 to $97,000 range where it traded from November 2025 to January 2026. He believes this prolonged sideways move reflects a broader bearish structure that is still developing.
Based on this setup, Crypto Bullet believes in it BTC’s recent rebound above $78,000 doesn’t mean the bear market is over, but may instead be part of a larger corrective movement. He expects the cryptocurrency to make a final push higher towards $85,000, with this level being the next major resistance above his ABC target of $82,500, as highlighted in his chart.
Crypto Bullet linked this outlook to the WXY wave structure. According to him, Bitcoin completed the W wave after reaching a peak above $126,000 in October 2025. will drop to $60,000 in February 2026. He noted that wave X also began after BTC reached $60,000 and predicted that it could end when the cryptocurrency rises above $80,000.
If this scenario materializes, Crypto Bullet expects wave Y to be the final low, and that’s where he thinks BTC may finally find a bottom. In terms of timeline, the analyst believes BTC still has five months left before the bear market ends, which closely aligns with the timeline of previous bear market cycles.
The analyst sets the BTC floor target at $40,000
Crypto Bullet’s bearish outlook for Bitcoin is focused on Wave Y, which he believes could cause the most severe downturn this cycle. According to him, once Bitcoin completes a rebound above $80,000 in wave X, the market could reverse sharply, causing quick price crash towards the final bottom.
He marked it Potential BTC floor target of $40,000expecting this move to occur between September and October 2026. From the $80,000 level, this would represent a drop of as much as 50%, potentially eliminating bullish traders who interpreted the rise to $80,000 as the start of a fresh bullish trend. Supporting this perspective is cryptocurrency analyst Tony Severino he said believes this may be the most likely scenario for BTC.
Featured image from Unsplash, chart from TradingView
