$250K Bitcoin In 2026? Analyst Warns Bulls To ‘Stop With The Mushrooms’
Bitcoin could fall to around $30,000 before the year is out — at least according to one widely followed chart analyst. That bleak projection, drawn from a pattern tied to US midterm election yearsMay is approaching.The calendar doesn’t either. pic.twitter.com/qUshNbIHPNThose of you predicting $250,000 in 2026 need to stop with the mushrooms Based on the setup, BTC tested resistance near $79,500 before showing signs of pulling back. A move down to the flag’s lower boundary, around $69,000, is possible in May if selling pressure returns. A more severe breakdown below that line, Brandt warned, could push Bitcoin under $50,000. The halving cycle history makes the bear case harder to dismiss. Bitcoin’s price peaks have historically arrived 12 to 18 months after each halving event. After the 2012 halving, the peak came in 12 months. After 2016, it arrived in 17. After 2020, it took 18 months.
This is called a channel $BTCWhile it does not preclude further price gains, it is NOT a bullish bottoming pattern
The Factor Report reports on classical chart analysis https://t.co/6nRit1xsVpHalving Cycle Data Suggests The Peak May Already Be In
Related Reading
The most recent halving happened in April 2024. Bitcoin hit its all-time high of $126,000 in October 2025 — right at the 17 to 18-month mark. Now, more than 24 months past that halving, the price sits around $77,000 and is still declining. That timeline, analysts say, lines up closely with prior cycle peaks, suggesting the top for this cycle may already be behind us.
Not everyone is ready to call it a bear market, though. Analysts at Bernstein have pointed to a potential recovery toward the $100,000 to $150,000 range, a more measured view that neither chases the $250,000 target nor surrenders to the most bearish projections.
Featured image from MetaAI, chart from TradingView
About Author
