Analyst Says Bitcoin ‘Not Quite Near Bottom,’ Warns BTC Has Room for Further Downside if History Repeats

Crypto Analyst Warns Bitcoin May Not Have Reached Bear Market Bottom

Crypto analyst Rekt Capital suggests that Bitcoin (BTC) may still have further downside ahead, indicating that the current market conditions resemble past bear market cycles.

In a recent YouTube video, the analyst points out similarities between the current market and Bitcoin’s bear market in 2022, as well as characteristics observed in previous market cycles.

Rekt Capital highlights that historical trends show that macro downtrends following breakdowns from descending triangle patterns often lead to prolonged periods of decline. Despite the recent sharp drop, the analyst believes that a short-term relief rally could occur before another phase of consolidation.

“This is probably going to be yet another redistribution range like what we saw back here… in the search for a new bear market bottom.”

Comparing the current cycle to past bear markets based on the number of days since the market peak, Rekt Capital points out that Bitcoin is approaching approximately 270 days since its 2025 peak. In contrast, previous cycles typically took around 365 days to reach a bear market bottom.

“By standards of 2022… we’re not quite near the bottom… there’s still time and there’s still magnitude for downside.”

The analyst also notes that at a similar stage in the 2018 and 2014 cycles, Bitcoin had not yet experienced breakdowns from comparable macro chart patterns. Drawing from these historical comparisons, Rekt Capital suggests that it may be premature to assume that Bitcoin is close to bottoming out, especially if the current cycle continues to follow past trends.

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