Crypto analyst Rekt Capital says that Bitcoin (BTC) may not have reached the bottom of the bear market, arguing that the market’s past history shows that there may be more downside in the future.
In the new YouTube movieThe analyst says that the current market shares similarities with the Bitcoin bear market of 2022 while also showing the pattern seen in previous rallies.
According to Rekt Capital, the sharp drop that follows the breakdown from the low trend in the previous corner has resulted in a long run.
Although the recent decline has been steep, the analyst says a long-term support rally is likely sometime before that.
“This will probably be another type of redistribution like what we saw here … in search of a new bear market.”
Rekt also compares the current cycle to previous bear markets using the number of days that have passed since the market peaked.
He added that Bitcoin is approaching a 270-day peak from the 2025 peak, while previous visits took 365 days to reach a bear market.
“By the standards of 2022 … we have not reached the bottom … there is still time and there are many challenges.”
He added that, during the same period in 2018 and 2014, Bitcoin had not yet broken from the macro charts.
Based on past comparisons, Rekt Capital says that it is “a little too late” to say that Bitcoin is nearing its end, adding that “”if the current cycle continues to follow past trends.
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