Bitcoin dropped 14% last week after breaking down from an ascending channel.



The structure looks a lot like the 2022 bear market. Back then, $BTC bottomed after a 78% dump. This cycle’s correction is 53% so far.

So where’s the bottom?

In the last 3 cycles, BTC found strong support at the weekly 200 MA twice and started a new bull run after testing it for a few weeks. If the 200 WMA holds, $59,100 could be the cycle bottom.

But there’s more.

In past cycles, BTC bottomed almost exactly one year after the bull market top. If that repeats, the bottom lands in October 2026.

And historically, BTC has seen 60%+ corrections after the death cross, which would put this cycle’s bottom near $39,000.

Right now it all comes down to the 200 WMA. If BTC loses it, the next stop could be $50,000 or lower.
BTC-3.86%
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GateUser-176c498f
· 1h ago
Technical analysts rejoice, fundamental analysts remain silent
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FudAlsoNeedsAnImage
· 1h ago
Channel breakdown + death cross, the full set of bearish signals.
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MevHasMeCompletelyConfused.
· 12h ago
If it really drops to 39k, I'll sell my house and go all-in.
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StopMessingAroundWithGasFees.
· 12h ago
Anyway, I'm dollar-cost averaging, you guys can take your time guessing the bottom.
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EbbShellLedger
· 12h ago
If the 200-week moving average can't hold, we really need to prepare to see $50k.
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PerpPulse
· 12h ago
78% vs 53%, is this wave still considered gentle?
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FlamingoFrontView
· 12h ago
So, is it on the left side or the right side? Can someone explain clearly?
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GateUser-665eb149
· 12h ago
Don't just count historical cycles; ETF capital flows should also be considered.
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Semi-MatureGovernanceVote
· 12h ago
October 2026? That timeline is longer than my ex-girlfriend.
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TidepoolQuant
· 12h ago
History doesn't simply repeat itself, but it sure rhymes deadly.
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