Cryptocurrency analyst Blade pointed to a Bitcoin trend that could signal when the leading cryptocurrency may hit bottom. bear market cycle. The analyst also suggested that BTC could go as high as $400,000 during the next bull market.

Bitcoin trend that indicates when BTC may hit bottom

In Post XBlade noted that every BTC cycle ends the same way, with a break of the trend line on the monthly chart and loss of support. He noted that when this happens, market participants are calling for a deeper crash, but that’s when Bitcoin finds bottomas it has been for 15 years.

The analyst also mentioned that when Bitcoin finds a bottom, it builds a base and then starts another leg higher. He noted that 2026 is starting to look familiar, signaling that there is an upside on the horizon. The attached chart showed that BTC could reach a recent high of around $400,000 in the coming year. running of the bull. The chart also shows that this goal can be achieved by 2030.

In another Post XBlade said that Bitcoin is preparing for its final phase. This came as he noticed BTC making lower highs in almost a year, resulting in most people assuming the bull market is over. However, he noted that the leading cryptocurrency remains in the same structure, citing A Pattern of the bottom of a megaphone. The analyst added that point 4 may already be implemented, and point 5 is currently the only goal.

The attached chart showed that point 4 is the bottom, with the possibility that Bitcoin could have hit a February low of $60,000. With this, the leading cryptocurrency can now target a rally to point 5 at around $160,000, which would mean recent all-time record for BTC.

A drop to the mid-$60,000 range could still be expected

In Post XCryptocurrency analyst Colin signaled that Bitcoin could fall to the mid-$60,000 range. He pointed to A Head and shoulders (H&S) the top pattern, which he noted is currently re-testing the neckline where it broke off. The analyst added that a rejection from this level would be a powerful confirmation of a top.

Colin stated that Bitcoin was forced to make a decision and that it should happen within a day or two. He noted that the goal is the mid-$60,000 range because the split would be both a BHP and a channel split. Meanwhile, the analyst also pointed out bear flag which was created for BTC.

At the time of writing, Bitcoin is trading at around $73,400, down over the past 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com