Bitcoin Bear Market Blueprint: Is One Final Flush Still Ahead?

Jun 4

#Bitcoin bear markets have followed a pretty similar pattern across multiple cycles.

Looking at the move from cycle lows to cycle highs, BTC has typically retraced deep into the Fibonacci range during the bear market, often pushing below the 0.786 level before finding a major bottom.

Another interesting similarity is time. Previous bear markets took roughly a year from the top to form their final low before the next major trend began.

If history rhymes once again, Bitcoin may still have one more deeper flush before the market finds its true bottom.
BTC

( This is based on historical market behavior and Fibonacci analysis. Markets don’t have to repeat the past, and there is no guarantee that future price action will follow previous cycles. )

Jun 7

Trade active

Retest is done as we expected. ✅

BTC bounced back to retest the broken support around $62.9K and got rejected. This retest has also given some relief to the RSI, creating room for another move lower if bearish momentum continues.

Still, it's better to wait for the weekly candle close before making any aggressive moves.
If the weekly close confirms weakness, short opportunities may appear on BTC and other alts.