Bitcoin Bearish Alert: Is the 14% Recovery a Calm Before the Storm?
After hitting a recent low of $80,600, Bitcoin gradually recovered to $93,000, up 14.50%. Investors are divided between the start of a bear market and the comeback of the bulls. CryptoBirb is one of the bearish individuals who was not persuaded. He maintained that the recent and impending spikes in the price of Bitcoin are selling opportunities. He claims that these are not indicators of a fresh effort to reach the frequently mentioned year-end goals of $150,000 and above.
Bitcoin Bear Flag Signals a Drop Toward $77K
The bear flag, a traditional technical formation, was used in the most significant arguments for the Bitcoin bull trap. This structure usually causes another wave of fall during downturns. During Bitcoin’s comeback, several pundits, like Mister Crypto and Celeb Franzen, emphasized the bearish continuation pattern. The price of Bitcoin may easily drop to $80,000, according to some of them. After a closer look at the bearish flag, a technical downside objective of about $77,100 for December was identified. Based on the preceding downtrend’s peak and the possible breakout point’s convergence close to the $88,000 support level, this number was determined. That is almost 16% lower than the current pricing levels.
Bitcoin’s Double-Top Fractal Points to Major Breakdown
Analyst Leshka claims that the current structure of Bitcoin exactly reflects the 2021 cycle. He presented a Bitcoin fractal with a strong breakdown into cycle support and a repeating double-top structure. A misleading bounce eventually created a bull trap before a more forceful impact, he continued. That trap came before a protracted drop that halved the value of Bitcoin in the 2021 analogue. Before an anticipated breakdown, the price remained in the same support band in the 2025 fractal, which displayed a very comparable arrangement. Leshka cautioned that if the trend continues, Bitcoin may return to the $40,000 range in early 2026, a decline of more than 50% from its present values.
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