Bitcoin price action in recent days has changed to a controlled increase rejected in the last 24 hours. After failing to hold above $97,000 last week, Bitcoin has moved forward with the growth of low pressure, printing. consecutive bearish candles during the day.
An interesting idea was put forward in a recent technical analysis shared on X by a crypto analyst known as Guru, who argued that what many traders thought to combine wasin fact, the late distribution phase of Bitcoin.
Rejection at Range Top
Technology Bitcoin price action analysis on the daily candle time chart shows that the leading cryptocurrency has been trading in an ascending channel with a series of rising lows and highs since November 2025. The ascending channel is generally bullish, as it suggests that buyers are increasingly gaining control.
However, the view expressed by Guru projects that the price action of Bitcoin resolves the bearish decline. Notably, Bitcoin’s price action has recently risen to the upper boundary of the range and has been strongly rejected. This rejection is the focal point of his analysis. Instead of a breakout or a clean continuation high, Bitcoin failed to sustain momentum, which is a sign that sellers are entering.
From the Guru’s point of view, this behavior is incompatible with accumulation. He describes the structure as the rising width that forms after the expansion is completed. The rejection at the upper boundary means that supply is in high demand, although the price is trending slightly higher within the range.
Based on this, the analyst warned that the “group is over” for the bulls as a final warning to traders before the expected decline. “Last SELL call before REAL crashes below 80K. Bulls won’t get another warning,” he said.
Price Target and Bearish Roadmap
Guru’s analysis is very clear when it comes where he believes Bitcoin is headed if the width continues to hold as a resistance. As for the price target, the analyst indicated a move that sees BTC fall below $80,000 and even extend a crash below $76,000.
As it stands, Bitcoin is trading at $92,930, up 2.1% over the past 24 hours. What added validity to Guru’s prediction is the comparison between his previous analysis in December 2025 and the current price action. Last month, he shared the same growing channel and explained how he expected the price of Bitcoin to follow within the channel.
Bitcoin respected the channel throughout December, bounced between its limits, and then declined almost exactly where it suggested. The next drop happened the same way he mentioned. This understanding led to Guru twice in his good looks.
The analyst also challenged the narrative of BTC as a reliable store of value in what he described as the “economy of chaos” in 2026.
Featured image from Pngtree, chart from Tradingview.com
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