Mapping The Bitcoin Bottom: Here’s How Low Price Could Go Before It Recovers
Brace Yourself for Bitcoin’s Rollercoaster Ride!
Bitcoin (BTC) is in a bit of a pickle right now, folks! According to a not-so-optimistic crypto analyst, we might be in for some rough seas ahead. His analysis paints a rather gloomy picture of Bitcoin’s trajectory, hinting that it could plunge below the $30,000 mark before we even think about seeing a glimmer of hope. Yikes!
A Prediction Worth a Double Take
Meet Jussy, our resident crypto oracle! This savvy analyst has dropped a brand-new Bitcoin chart analysis on X, warning us that the current market hasn’t hit rock bottom just yet. In a spooky twist, he compares today’s market movements to the drama of Bitcoin’s 2022 cycle—a time when things got pretty hairy!
Flashbacks to 2022: A Tale of Two Tops
Remember 2022? When Bitcoin reached for the stars and nearly kissed $60,000? But alas, it hit a double top, and boom! It was sent spiraling down into a dark pit of despair. Just like your favorite soap opera, it continued with a dramatic downturn, followed by a three-week period of stillness, which was just the calm before the storm. This led to what analysts affectionately call a bear flag pattern. Sounds like a banner day, right?
More Drama Ahead?
As if that weren’t enough of a saga, Jussy claims that today’s Bitcoin cycle is doing its best impression of the infamous 2022 bear market. Right on cue, we seen another double top—this time venturing towards an impressive $120,000 in 2025—before taking a nosedive. It doesn’t get much better than that!
Picking Up the Pieces
After tumbling down below the once-reliable support level of $74,321, Bitcoin is feeling all sorts of wobbly. Currently, it’s trapped in a consolidation phase that’s eerily similar to its 2022 behavior. Fun times are ahead, folks—who doesn’t love a good price compression? Jussy says we are now just three weeks into this shaky consolidation, which is the same time frame when Bitcoin’s 2022 market decided to take a final plunge. How poetic!
Peeking into the Crystal Ball
Using spooky statistics from the 2022 breakdown, Jussy has conjured up a forecast for how low Bitcoin could slide before putting on its big boy recovery pants. His crystal ball (or chart) indicates that BTC is already sinking from that bear flag pattern and has dipped below the shiny $100,000 mark, landing closer to a more modest $65,000.
So, How Low Can It Go?
In what may very well become the plot twist of the century, Jussy suggests that we might see a further decline of around 38% from the previous support level, possibly bringing Bitcoin down to around $46,199. But wait! There’s more! The blue line below—akin to the villain lurking in the shadows—hints at an even deeper fall, potentially nosediving to a chilling $28,301 before we get anything resembling a recovery. Better hold onto your hats, folks!