Veteran Analysts Predict Bitcoin's Major Bottom After Peak Precision
Despite Bitcoin's recent rally in April, staging a recovery from its March lows to briefly surpass $79,000, market sentiment remains divided. While some celebrate the rebound, prominent analysts who accurately foretold Bitcoin's previous cycle top are now signaling a much deeper correction ahead, pinpointing an impending bottom for the leading cryptocurrency.
Proprietary Model Forecasts Sub-$40K Bitcoin
Crypto analyst Killa, renowned for his precise prediction of Bitcoin's peak at $121,362 in July 2025 (just 3.9% off its actual October 2025 high of $126,100), has now turned his analytical framework towards the downside. Leveraging a model that observes a diminishing high-to-bottom multiple across successive Bitcoin market cycles – a reflection of the asset's maturation – Killa projects the current cycle's bottom at a stark $38,800. Accounting for a minor variance, his updated scenarios place the bottom between $40,740 and $42,680. With Bitcoin currently trading around $78,015, this forecast implies a significant downturn of 45% to 50% from present levels, far below the $60,000 threshold many market participants consider a floor.
Elliott Wave Analysis Echoes Bearish Sentiment
Adding weight to Killa's projections, analyst CryptoBullet offers a corroborating view through the lens of Elliott Wave theory. CryptoBullet’s weekly Bitcoin chart outlines a five-wave Elliott Wave advance culminating around the $126,000 peak in October 2025. Following this, the analysis identifies a corrective W-X-Y structure, indicating a multi-phase decline. The final "Wave Y" leg of this corrective pattern is predicted to drive Bitcoin prices further down, targeting a range between $45,000 and $50,000. Both analytical perspectives collectively suggest that the current bear market is not merely a transient dip but a prolonged phase, likely extending into the latter half of 2026 before a definitive bottom structure can fully materialize.
