Bitcoin Bear Market Drama: Will It Crash to $40k?

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Let’s talk about Bitcoin, because apparently the financial world is auditioning for a reality show and forgot to tell us how it ends. A crypto analyst says the Bitcoin price is still in full-on bear mode and could crash to new lows. He’s mapped out BTC’s mood with something he calls a wave structure-yes, a wave structure-so he can pretend this is all scientifically dramatic instead of just messy. Spoiler: he thinks we haven’t bottomed yet and there might be one last hype surge before we drop below $40,000. Grab your popcorn.

Bitcoin Could Surf Back to $80,000 Before the Final Crash

Enter Crypto Bullet, the bearish oracle who posted his forecast on X, insisting BTC still has more declines in its near future. He describes BTC’s market structure as a “Double ZigZag (WXY)”-which sounds like a math class you took after a few too many iced lattes. He tracks price action from the October 2025 peak and projects where the next major decline could unfold.

One reason he buys the WXY story is because Bitcoin has spent way more time bouncing between $62,000 and $78,000 than hanging out in the $84,000 to $97,000 range from late 2025 to early 2026. In his world, that long sideways move is the bear’s not-so-subtle clue that the drama isn’t over yet.

Based on that setup, Crypto Bullet believes that the recent rebound above $78,000 doesn’t prove the bear market is over; it’s part of a larger corrective move. He expects one final push toward $85,000, with $82,500 acting as the next big resistance above his ABC target of $82,500 on the chart. Bold. Bold and a little dangerous.

Crypto Bullet ties this outlook to his WXY wave structure. He says Bitcoin finished wave W after peaking above $126,000 in October 2025 and plunging to $60,000 in February 2026. Wave X began after the $60,000 mark and could end once BTC rallies above $80,000.

If that scenario plays out, wave Y would be the final leg low, the moment where BTC supposedly finds its bottom. In terms of timing, the analyst believes BTC still has five months left before its bear market ends, which lines up with timelines from past bear cycles. Because nothing says “end of bear market” like a calendar and a wild guess.

Analyst Sees Bottom Target At $40,000

Crypto Bullet’s bearish worldview centers on wave Y, which he believes could bring the most dramatic downturn of this cycle. According to him, once Bitcoin rebounds above $80,000 in wave X, the market could reverse sharply and crash toward a final bottom faster than your browser can refresh.

His bottom target is $40,000, expected between September and October 2026. From the $80,000 level, that’s a 50% decline-perfect if you were waiting for a sign to sell the hype and cry into your cold brew. Supporting this mood, crypto analyst Tony Severino says this could be the most likely scenario for BTC. Groundhog Day, but with more charts.

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2026-04-26 05:11