Bitcoin is facing renewed bearish forecasts as multiple analysts warn of a potential price crash, while also pointing to a possible final bottom later this year. A crypto analyst known as NoName on X highlighted a Head and Shoulders pattern forming since 2024, which has continued even after Bitcoin's all-time high above $126,000 in October 2025. Following a failed breakdown and a subsequent bounce, BTC was rejected at the $82,000 resistance level, indicating that sellers remain in control.
NoName predicts that if the bearish structure persists, Bitcoin could drop to $52,000, with a deeper floor near $30,000 in a worst-case scenario — a decline of over 60% from current levels above $76,000. A similar view was shared by analyst Chiefy, who pointed to a four-year cycle sequence now entering its most dangerous phase. Chiefy sees a potential fall to $50,000 if key support breaks, aligning with historical capitulation patterns.
However, crypto analyst Benjamin Cowen offers a more constructive longer-term outlook. He notes that Bitcoin's current price action resembles past bear market lows seen during US midterm election years, and that a drop to $60,000 could mark the final bottom in this cycle. Cowen expects that bottom to occur around October 2026, after which a new bull cycle could begin. He emphasizes that previous cycles saw strong recoveries after similar corrections in 2014, 2018, and 2022. With Bitcoin already down roughly 40% from its all-time high, market participants are closely watching support levels and macroeconomic developments.
