BEARISH 📉 : Analyst warns Bitcoin enters midterm danger quarter, risks 66% drawdown
Bitcoin reclaimed $80,000. A widely followed analyst warns this rebound may be a trap tied to the four‑year cycle.
Price holds near $81,530, supported by stronger ETF inflows in April–May. Source, Source.
Crypto Patel points to a repeating mid‑term year pattern. May peaks preceded deep drawdowns in prior cycles. Source.
- 2014 May peak, then −76.04% Source
- 2018 May peak, then −68.35% Source
- 2022 May window, then −70.06% Source
His 2026 projection maps a similar structure. A possible −66.54% drop from current levels. Source.
Bottom zone highlighted at $50,000–$30,000. “Three for three. Not coincidence. Cycle mechanics.” Source.
The setup isn’t fully bearish. Price is approaching the 200‑day EMA near $83,000. Source.
BTC consolidated for eight weeks in the $60,000–$72,000 range before this recovery. Source.
Many read the bounce as confirmation the bottom is in. Patel calls that a trap. “The dip is in. Wrong.” Source, Source.
Some analysts expect the bear phase to extend into Q4 under the halving cycle. Source