Technical Patterns Point to Further Downside

[cryptohog]

Historical cycles suggest Bitcoin could have more room to fall. The 0.618 Fibonacci retracement from the last cycle high sits at $57,000. Analysts project that if BTC drops 30% below this level, a bottom could form near $42,000.

Meanwhile, the Bull-Bear Market Cycle Indicator confirms that bearish conditions began in October 2025, though the extreme bear phase hasn’t been reached yet. For traders, this means caution is still warranted despite occasional relief rallies.

[cryptoenthusiast]

if btc drops 30% below that, bottom near $42k… ouch, crypto winter vibes