Bitcoin Prices May Face Further Decline, Analyst Warns
Bitcoin’s value seems to be on a downward trajectory, with some experts suggesting it might be headed for another significant drop. A crypto analyst has mapped out BTC’s price movements during this bear market phase, indicating not only where the market might be headed but also how they envision the next decline unfolding. Interestingly, this analyst diverges from others by suggesting that Bitcoin hasn’t hit its lowest point yet, and there might even be a brief rally before falling below the $40,000 mark.
Potential for a Surge Before the Crash
Market analyst Crypto Barrett has shared his pessimistic outlook on Bitcoin via X, proposing that the cryptocurrency could decline further before the ongoing bear market reaches its conclusion. He characterizes BTC’s market structure as forming a “double zigzag (WXY)” pattern, which he believes can help track its price trend from the peak in October 2025 and foresee the next major downturn.
One reason for Crypto Barrett’s bearish stance, according to his analysis, lies in Bitcoin’s trading behavior over the past months. He observed that Bitcoin spent much more time consolidating in the $62,000 to $78,000 range than it did within the $84,000 to $97,000 band observed between November 2025 and January 2026. This extended phase of sideways trading suggests to him that the overarching bearish sentiment is still very much alive.
Given this context, he argues that Bitcoin’s recent upswing beyond $78,000 doesn’t signal the end of the bear market. Instead, he suspects it’s likely part of a broader corrective phase. He anticipates that Bitcoin might make a final attempt to reach $85,000, as indicated on his charts, which would serve as a significant resistance point just above the $82,500 target.
Linking this perspective back to his WXY wave model, Crypto Barrett notes that Bitcoin hit a peak of over $126,000 in October 2025 before crashing to around $60,000 by February 2026, completing what he sees as its second wave. He explained that Wave X commenced after Bitcoin hit $60,000 and could conclude if the cryptocurrency surpasses $80,000.
If this prediction holds, Barrett believes the Y-wave could ultimately mark the final low, the point at which Bitcoin may find its bottom. Analysts suggest there are about five months remaining until the end of the Bitcoin bear market, which aligns reasonably with timelines observed in previous bear cycles.
Identifying a Bearish Low at $40,000
Focusing specifically on Wave Y, Barrett’s outlook indicates that this could present the most significant downturn of this cycle. After Bitcoin rallies beyond $80,000 during Wave X, he predicts a sharp market reversal leading to a quick price crash towards the eventual low.
He has set a price target of around $40,000 for BTC, suggesting that this downturn could unfold between September and October 2026. This potential drop represents a severe 50% decline from the $80,000 level, which could catch bullish traders off guard—those who might have viewed the jump to $80,000 as the beginning of a positive trend. Another analyst, Tony Severino, supports Barrett’s perspective, suggesting this scenario is indeed plausible for Bitcoin.
