Analyst warns Bitcoin enters bear market, may fall below $30,000

Analyst says Bitcoin has entered a bear market after completing a head-and-shoulders pattern, eyeing $52,300 first and potentially ~$30,000 next. The call leans on cycle deviation and weakening support.

Swallow Academy shared a TradingView chart that marks a completed head-and-shoulders and labels the market “bear.” View the chart.

This cycle looked different. No classic altseason followed new highs. Bitcoinist on cycle deviation.

Pattern timeline: first shoulder in early 2025, head at the all-time high later in 2025, second (weaker) shoulder as prices reversed into 2026. ATH context.

He argues downside odds rise when consensus expects $40k to hold. How low can it go.

Price struggled at $70,000. A break risks deeper declines. $70k support weakness.

Key levels he tracks:
- $52,300 as first support and “stop” Analyst’s $52,300 level
- ~$30,000 as a potential bottom and accumulation zone if $52,300 fails Bottom/accumulation view

Title
Analyst calls bear market in Bitcoin, sees $52.3k then $30k