Bitcoin Price Wave Down To $40,000 Shows When The Bottom Will Begin
According to a crypto analyst, the Bitcoin price If that scenario plays out, Crypto Bullet expects wave Y as the final leg low, which is where he believes BTC could eventually find a bottom. In terms of timing, the analyst believes that BTC still has five months left before its bear market ends, which closely aligns with timelines from past bear cycles. Crypto Bullet’s bearish outlook for Bitcoin centers on wave Y, which he believes could bring the most severe downturn of this cycle. According to him, once Bitcoin completes its rebound above $80,000 in wave X, the market could reverse sharply, triggering a rapid price crash toward a final bottom. Analyst Marks BTC Bottom Target At $40,000
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He marked BTC’s potential bottom target at $40,000, expecting the move to play out between September and October 2026. From the $80,000 level, this would represent a whopping 50% decline, potentially wiping out bullish traders who had interpreted the surge to $80,000 as the start of a new bullish trend. Supporting this outlook, crypto analyst Tony Severino said he believes this could be the most likely scenario for BTC.
Featured image from Unsplash, chart from TradingView
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