The broader crypto house has continued to consider that Bitcoin (BTC) is in a bear market. This narrative is fueled by its current worth crash to $60,000 in February this yr, reflecting a forty five% decline from its all-time excessive above $126,000 in October 2025. Nevertheless, technical analyst Crypto Patel boldly debunks this narrative. He has acknowledged that the bear market “just isn’t coming,” suggesting that the present market drop is likely to be a brief dip or “liquidity seize,” earlier than a pointy reversal to the upside.
Why The Bitcoin Bear Market Is Not Coming
Crypto Patel acknowledged on X that the Bitcoin bear market just isn’t coming as a result of everybody seems to be ready for it to occur whereas counting on the four-year cycle idea. The analyst defined his distinctive thesis by outlining a key worth degree on his accompanying worth chart that might sign a shift in Bitcoin’s trajectory.
Crypto Patel famous that if Bitcoin can shut every week above $76,000, it might counsel the present market decline was nothing greater than a liquidity seize. He referred to this potential motion as an “expanded fiat deviation,” emphasizing that related patterns have traditionally trapped bearish merchants at each main cycle low. In response to him, as soon as this deviation begins, it may sign that the market is making ready for a significant bullish reversal.
Notably, the analyst criticized those that evaluate the present cycle to the 2018 bear market or the 2022 market crash. Crypto Patel identified that, in contrast to the present market, in 2018, there have been no spot ETFs, no Sovereign Wealth Funds accumulating BTC, no public firms holding BTC on their steadiness sheets, and no states constructing strategic Bitcoin reserves.
Equally, in 2022, the analyst highlighted that the market collapse was fully pushed by structural failures fairly than a pure cycle high. He acknowledged that the interval was marked by widespread leverage fraud, the Luna crash, the FTX collapse, and the meltdown of Celsius and Three Arrows Capital.
In distinction, Crypto Patel famous that the present cycle presents a essentially totally different macro backdrop. He emphasised that institutional inflows are surging as trade provide hit multi-year lows. Moreover, he famous that the halving-induced provide shock is but to be priced in. Primarily based on these traits, the analyst means that right now’s market dynamics are the polar reverse of previous cycles.
Analyst Outlines BTC’s Roadmap Towards $200,000
In his put up, Crypto Patel shared a second degree after $76,000, which he believes may propel Bitcoin to a brand new all-time excessive of $200,000 this cycle. The analyst described the $98,000 resistance space as a set off, suggesting {that a} weekly shut above this degree wouldn’t solely affirm Bitcoin’s energy but in addition utterly invalidate its bear market thesis.
In response to his bullish roadmap, as soon as Bitcoin breaks $98,000, the market may expertise a second wave of panic-driven momentum. At this level, he expects the BTC worth to begin pushing towards $150,000 with no pullbacks earlier than probably skyrocketing to $200,000.
Featured picture from Pixabay, chart from Tradingview.com
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