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Bitcoin (BTC) found a bit of a lift after hitting a near eight-month low of $87,500 on Wednesday. By Thursday, this leading cryptocurrency bounced back toward $90,000. However, market expert Leshka warns that this uptick might be just the beginning of a new distribution phase for Bitcoin, as selling pressure still looms around.
Possible Bottom Between $40,700 And $47,500
In a recent post on X (formerly Twitter), Leshka analyzed Bitcoin’s weekly chart and pointed out some vital demand zones between $40,700 and $47,500 that might take shape in 2026.
She suggested that these price points could be the bottom for Bitcoin during the expected bear market. If this forecast comes true, we could see price drops of 47% to 54% from where we are now.
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Even with these potential lows, Leshka stays upbeat about Bitcoin’s long-term journey. She mentioned that if these price targets are hit, Bitcoin could rebound spectacularly, reaching new all-time highs around $150,000 by 2027.
Right now, however, it looks like the bears are calling the shots in the market. Analyst Ali Martinez recently highlighted that the TD Sequential indicator, which is meant to signal potential market reversals, has flashed a sell signal for Bitcoin.
Historically, this indicator has been pretty accurate at predicting price corrections, with previous instances leading to drops of 78% and 32%. A typical correction from these past downturns points to a potential price of around $40,000, aligning with Leshka’s predictions for Bitcoin.
Analyst Predicts Temporary Rally For Bitcoin
Technical analysis from Crypto Feras also adds to this bearish vibe. He mentioned that Bitcoin has crossed below its 50-day moving average (MA50), which is placed above $102,000, hinting that a period of consolidation may be on the horizon.
Feras indicated that the exponential moving averages (EMA89-99) could serve as initial support at $88,500, usually leading to a short-term “bearish retest” of the MA50 following a breakdown.
The analyst noted that this potential rally might last for two to five weeks and could see both Bitcoin and altcoins perform well, even if investors misinterpret it as a sign of returning to a bull market.
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There’s additional support indicated at $84,000, which may be briefly retested. Feras also suggested that this scenario may represent a final bear trap before a more prolonged downturn, a historical trend that could very well repeat.
He also discussed when the market might gear up for a “bull mode” again. According to Feras, Bitcoin will remain in a bear market as long as it trades below its weekly MA50.
Once Bitcoin regains this crucial moving average, talks of a potential bull market or a continuation of a bull trend could start. Until then, he stressed that it’s too early to consider Bitcoin’s current phase anything other than bearish.
Featured image from DALL-E, chart from TradingView.com
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