Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000
Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins. Bitcoin Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin has followed a repeating pattern across major market cycles, where strong rallies are followed by very deep price declines. In previous cycles, Bitcoin fell about 83.90% after the 2017 peak and about 77.91% after the 2021 peak. These past moves are used as a guide for understanding the current market structure. Related Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When Price Will Rally To $300 In the present cycle, Bitcoin climbed above $120,000 during the 2025 bull run before entering a decline. At the time of the analysis