Crypto analyst Rekt Capital says Bitcoin (BTC) could not have reached its bear market backside, arguing that historic market cycles recommend there may nonetheless be further draw back forward.
In a brand new YouTube video, the analyst says the present market shares similarities with Bitcoin’s 2022 bear market whereas additionally exhibiting traits seen throughout earlier cycles.
In accordance with Rekt Capital, macro downtrends that observe breakdowns from descending triangle patterns have traditionally led to prolonged intervals of draw back.
Whereas the latest decline has been steep, the analyst says a short-term reduction rally is feasible earlier than one other interval of consolidation.
“That is most likely going to be one more redistribution vary like what we noticed again right here… within the seek for a brand new bear market backside.”
Rekt additionally compares the present cycle with prior bear markets utilizing the variety of days elapsed for the reason that market peak.
He notes that Bitcoin is approaching roughly 270 days since its 2025 peak, whereas earlier cycles sometimes took round 12 months to succeed in a bear market backside.
“By requirements of 2022… we’re not fairly close to the underside… there’s nonetheless time and there’s nonetheless magnitude for draw back.”
He provides that, at an identical level within the 2018 and 2014 cycles, Bitcoin had not but damaged down from comparable macro chart patterns.
Based mostly on these historic comparisons, Rekt Capital says it’s “just a little bit untimely” to conclude that Bitcoin is near bottoming, including that “” if the present cycle continues to observe historic developments.
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