Following a sustained price decline in 2026, reports confirmed that Bitcoin (BTC) was legit entered its cyclical bear market phase. The world’s largest cryptocurrency has been trading sideways for months, with analysts predicting continued volatility and price declines despite its recent drop below $65,000. Amid the recession, market expert Crypto Patel revealed the number of days left before Bitcoin officially arrives at the bottom of the price.
Bitcoin Bottom May Be 253 Days Away
February 21, Crypto Patel announced that the true bottom of Bitcoin is still about 253 days away. Sharing the multi-cycle BTC Bull/Bear market chart on X, the analyst is based on his insight into the depth and timing of the previous bear market cycle.
Crypto Patel’s analysis begins with BTC’s historic crash of 2018. After peaking around $20,000 in late 2017, the price of Bitcoin has fallen 84.22% from its all-time high. The decline lasted 396 days, creating a long red zone on the chart, before the price finally stabilized and pulled back near the rising trend line.
A similar pattern also occurred in 2022 market cycle. After reaching a peak of $69,000 in 2021, Bitcoin has fallen by about 77.57%. That decline lasted 395 days, almost as long as the 2018 bear market. This reinforces the analyst’s view that timing plays a key role in determining when Bitcoin bottoms out and its cycle resets.
The analyst’s multi-cycle chart also shows that both bear markets ended near the upside support line that guides BTC’s long-term structure. In each case, the market was there who is ruled by great fear and panic as BTC price declined to new lows. Crypto Patel highlighted these moments on the chart, suggesting that a bad feeling it tends to rise just as the market approaches exhaustion.
BTC Expected To Crash 68% Before Reversing
Using the 84% and 77% crashes from 2018 and 2022 as reference points, Crypto Patel projects that Bitcoin’s current bear market may initiate a small but significant correction. On the right side of the chart, the analyst shows that BTC is already there it hit a round high above $126,000.
The cryptocurrency has since bounced back from that point and is trading above $63,000 at the time of writing. Crypto Patel predicts that BTC could see another 68% drop, which could last around 395 days, which coincides with the period of bear market phases in previous cycles. If this bearish situation occurs, Bitcoin can reach the bottom of the final market around $40,000 from its all-time high.
Following this crash, Crypto Patel expects price recovery ahead explosive rally. He predicts that BTC can rise by about 609.96% from the low level to reach $303,758. The analyst also identified the $38,000 level as a potential support or entry point for investors.
Featured image from Freepik, chart from Tradingview.com
Planning process because bitcoinist focuses on delivering well-researched, accurate, and unbiased content. We maintain strict sourcing standards, and each page is diligently reviewed by our team of senior technical experts and experienced editors. This process ensures the integrity, relevance, and value of our content to our readers.
