As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market 
observer suggests the flagship crypto may not have finished bottoming yet, 
with more downside potentially ahead. Related Reading: XRP Sees Intense 
Capitulation As Realized Profit-To-Loss Ratio Plunges BTC’s Historical Data 
Points To Longer Correction On Wednesday, analyst Rekt Capital compared 
Bitcoin’s current price action to its performance in previous cycles to 
determine how close the leading crypto’s market bottom may be. In a video 
analysis on X, the market watcher explained that BTC’s deviations from 
previous all-time highs (ATHs) could serve as key reference points for this 
assessment. Notably, Bitcoin bottomed 22% from the 2017 peak during the last 
cycle’s correction. Now, it is trading roughly 14% below the 2021 peak of 
$69,000, which could suggest the bottom may be approaching. However, the 
analyst affirmed that this metric alone “doesn&#8217;t represent the mosaic of data 
that we need to be paying attention to.” He stated that the length of previous 
bear markets is a crucial indicator to factor in, noting that, historically, 
Bitcoin bear markets tend to last at least one year, sometimes extending 
beyond that. For instance, the flagship crypto took approximately 365 days to 
complete its full corrective phase during the 2021-2022 bear market. The 
current pullback has lasted about 240 days so far, which would depart from 
historical behavior and make it significantly shorter than previous cycles if 
the bottom is already in or close. If the current cycle follows a similar 
timeline to previous ones, BTC could have at least 120 days left in its 
corrective phase, with the bottom likely occurring around October and the 
possibility of further extension if the cycle mirrors longer historical 
patterns. Bitcoin Bottom Another 20% Below? The analyst highlighted that while 
the duration of the bear market is important, the depth of its retracement is 
another crucial factor. Last cycle, Bitcoin dropped 77%, while it declined 84% 
during its 2018 bear market. Nonetheless, the pullback has only reached 53% so 
far this cycle, suggesting there may still be room for additional downside. 
Based on this, he emphasized the trend of shallower bear markets, with the 
correction’s depth progressively diminishing roughly 7%-10% each cycle. If 
this pattern repeats, Bitcoin could see a potential retracement near 70% this 
cycle, placing BTC’s bottom in the high $30,000 range. Meanwhile, if the 
shallowing trend accelerates toward a 10% reduction, the bottom could form 
near the low $40,000 region. Related Reading: Bitmine Makes Largest Ethereum 
Purchase Of 2026 As Tom Lee Dismisses Market Selloff These factors point to a 
critical period over the next four to five months, the analyst affirmed, in 
which another leg down of up to 20% remains possible. He noted that similar 
phases have historically included periods of consolidation followed by 
additional declines before the final bottom forms. Ultimately, Rekt Capital 
asserted that this period is crucial as it lays the foundation for the next 
bull cycle. “This bear market here (…) precedes an entire period of multi-year 
upside. And I think that’s why it&#8217;s important, as a result, to focus on the 
importance of this bear market bottoming out period over these next few months 
because we’ll then see a multi-year period of upside,” he concluded. Featured 
Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading: XRP Sees Intense Capitulation As Realized Profit-To-Loss Ratio Plunges BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current &#8230;

More Pain For Bitcoin? Analyst Explains Why BTC’s Bottom May Be Months Away

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More Pain For Bitcoin? Analyst Explains Why BTC’s Bottom May Be Months Away

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