Crypto analysts Ted and CW predict Bitcoin may experience one more downward move before forming a cycle bottom, based on technical chart analysis and historical regression band indicators. Ted identified a pattern where BTC appears likely to form another lower high after breaking below $75,000 support and a rising trend line, while CW highlighted that Bitcoin is approaching a long-term support zone that has historically aligned with major market bottoms in 2011, 2015, 2018 and 2022. The analysis focuses on Bitcoin's position within its long-term growth channel and repeated failures to reclaim resistance near $75,000, with both analysts suggesting the market structure indicates potential for further downside before establishing a definitive bottom.
Ted Identifies Lower High Pattern After $75,000 Support Break
Crypto analyst Ted stated in a post on X that Bitcoin appears likely to form another lower high, a pattern that would keep the broader downtrend intact. The charts show Bitcoin repeatedly failing to reclaim resistance near the $75,000 area while support from an ascending trend line has weakened.
On the two-day chart, BTC has broken below both the rising trend line and a key horizontal support level around $75,000. The 12-hour chart outlines a possible recovery attempt that could result in a lower high beneath resistance before sellers regain control. According to Ted, such a move could set the stage for one more sharp decline, potentially forming the cycle bottom.
The bearish outlook would weaken if Bitcoin manages to reclaim the resistance zone and establish higher highs. Traders are watching whether the expected lower high develops or if buyers can invalidate the bearish structure with a stronger recovery.
CW Highlights Historical Regression Band Bottom Signal
Crypto analyst CW highlighted in a post on X a logarithmic regression chart showing Bitcoin trading near the lower portion of its long-term growth channel. The chart tracks BTC price action between a rising support trend line and an upper resistance band that have contained market cycles since 2011.
According to the chart, previous bear market lows in 2011, 2015, 2018 and 2022 formed near or below the lower boundary before Bitcoin entered new bull market phases. Current price action is once again approaching that area, leading the analyst to describe it as a historical bottom signal.
The chart does not provide a specific timing forecast, but it suggests Bitcoin may be entering a region where long-term investors have historically accumulated positions. Traders are watching whether Bitcoin can hold within the lower range of the regression channel, a zone that has repeatedly marked major turning points throughout its history.
FAQ
What technical pattern did analyst Ted identify for Bitcoin?
Analyst Ted identified that Bitcoin appears likely to form another lower high after breaking below $75,000 support and a rising trend line on the two-day chart, with the 12-hour chart showing a possible recovery attempt that could result in a lower high beneath resistance before sellers regain control.
What historical bottom signal did analyst CW highlight?
Analyst CW highlighted a logarithmic regression chart showing Bitcoin trading near the lower portion of its long-term growth channel, noting that previous bear market lows in 2011, 2015, 2018 and 2022 formed near or below this lower boundary before Bitcoin entered new bull market phases.
