Bitcoin Is Officially In A Bear Market And Is Headed Below $30,000, Analyst Warns

One thing that has stood out about Bitcoin is how different the recent bull cycle was from other bull cycles. For example, even after the Bitcoin price surged to new all-time highs, the altcoins never followed, and therefore, there was no explosive altcoin season as many expected. Following this deviation, crypto analyst Swallow Academy has purported that the digital asset is likely to keep deviating, and that would mean that it has now entered another bear market cycle.

Why Bitcoin Price Is Headed Below $30,000

The chart shared on the TradingView website by the crypto analyst points to the fact that the Bitcoin price has completed a Head and Shoulders pattern. The first shoulder had been formed at the start of the year 2025, and when the digital asset hit a new all-time high later in the year, then the head was formed.

Then, moving into 2026, when the price began a brutal reversal, a second shoulder was formed. Now, the crypto analyst admits that the second shoulder is a bit weak, but it is still a shoulder, and this has completed the pattern. The end of this pattern points to the fact that the Bitcoin price is weakening and could crash further.

This structure actually points to much lower zones than most of the market is expecting. But the crypto analyst explains that even though some people say it’s extreme to say that the cryptocurrency has entered a bear market, the facts say otherwise.

Since this cycle is not the same as other cycles, it is then logical to expect that the bear market will not play out the same. As before, the opposite of what the market expects usually happens, and since most investors are expecting Bitcoin not to fall below $40,000, it is likely that it will go much lower. In addition, the Bitcoin price had been struggling to hold support at $70,000, and if this support is lost, it could open the way for deeper declines.

Once the Bitcoin price begins to fall again, the crypto analyst puts the first stop at $52,300, where there is support. However, the analyst expects this level to eventually fail as well, and then the next stop for Bitcoin would be to bottom somewhere around $30,000.

As Swallow Academy explains, this level would then be the most logical level to begin accumulating BTC. This is because Bitcoin recoveries are usually swift once the price hits a bottom and it begins to reverse again.