ColinTalksCrypto, a well-known analyst in the cryptocurrency world, evaluated Bitcoin’s current price movements and potential future lows in his latest video. Contrary to the general optimism in the market, the analyst painted a rather pessimistic picture, arguing that Bitcoin has not yet reached its true “bottom.”
Colin points out a “Bear Flag” formation on the Bitcoin chart that has been ongoing since October. According to the analyst, the price’s trajectory around the $66,000 level is at a critical threshold. A daily close below this channel could technically trigger a sharp decline.
Based on his analysis of decline rates in past cycles, Colin shared the following striking data:
- 2011 Cycle: 93% decrease.
- 2015 Cycle: 85% decrease.
- 2018 Cycle: 84% decrease.
- 2022 Cycle: 77% decrease
Based on this data, the analyst states that a 70% retracement in the current cycle is reasonable, predicting that the ultimate bottom target for Bitcoin is around $38,000 (in the $35,000-$40,000 range). For Ethereum, he argues that this target is $900.
Colin stated that the current 53% drop is insufficient compared to past cycles, and he disagreed with the view that $60,000 is the bottom.
Colin, who also presented a time-based analysis, reminded that Bitcoin bear markets generally last about a year from their peak. According to this calculation, he claimed that only 46% of the bear market has been completed so far and the real bottom could be seen around October 6, 2026.
*This is not investment advice.
