Analysis is TradingShot identified a potential Bitcoin (BTC) purchase zone between $50,000 and $40,000, argues that crypto currency it is approaching a low that will be reached in the first week of October 2026.
In a TradingView post Published on July 13, the analyst emphasized that Bitcoin has been consolidating for six months after a sharp decrease in May, describing the current price action as the last consolidation phase before being criticized in depth to make the next major low cycle.
With Bitcoin trading close to $63,000 at the time of analysis, the forecast implies a drop of about 20% to 36% before the stock enters the expected range.
TradingShot Bitcoin shares outlook for up to 4 years. The analyst noted that the previous highs were separated by about 1,428 days, or 204 weeks, a pattern that is repeatedly associated with large market declines.
The history of Bitcoin
The analysis also showed similar designs after the market for 2014, 2018, and 2022.
In each case, Bitcoin experienced a final phase of preparation before entering what the analyst calls the Realized Price Buy Zone (RPBZ) and launching a new long-term bull run.
Using the same type of time frame in the current market shows that the next Bitcoin technology could appear in the first week of October 2026.
According to this analysis, the maximum Realized Price Buy Zone is currently between $50,000 and $40,000. The model is expecting a recovery phase that could eventually push Bitcoin back above $100,000, foreshadowing the events seen after the previous highs.
The forecast shows that Bitcoin may not have completed the correction despite the recent consolidation around the $63,000 level.
In fact, the current trade may be on hold for a while before the final split can replace past purchases.
Bitcoin price to watch
This time, different analysis and Ali Martinez on July 13 said that Bitcoin is showing signs of weakness after it was rejected close to the top of its short trading channel, raising the possibility of moving to the lower limit around $61,700.
Bitcoin was rejected near the upper resistance area of $64,500, falling below the middle of the channel around $63,000 and showing bearish pressure. The decline pushed BTC up to $62,300 before rebounding to around $63,115, although the stock remained below the average level.
According to the analysis, losing $63,000 increases the risk of moving to the lower border of the channel near $61,700, a level that can provide support.
To regain strength, the bulls need to retrace the middle and push Bitcoin back to $63,700. Until then, traders will be watching to see if the $61,700 support level can hold.
At press time, Bitcoin was trading at $62,799, down nearly 2% over the past 24 hours. However, during the week, BTC remained up 1.7%.
