Bitcoin (BTC) hit a nearly eight-month low of $87,500 on Wednesday before rebounding slightly. By Thursday, the leading cryptocurrency had soared towards $90,000. However, market expert Leshka warns that this short-term rally may just signal the beginning of a new distribution phase for Bitcoin, as selling pressure continues to mount.
Potential bottom price between $40,700 and $47,500
Recently post At X (formerly Twitter), Leshka assessed Bitcoin’s position on the weekly chart and identified a key demand zone between $40,700 and $47,500 that could form throughout 2026.
He suggested that these levels could be the bottom for Bitcoin in the expected bear market. If such predictions come true, prices could fall by 47% to 54% from current values.
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Despite these potential lows, Leshka remains optimistic about Bitcoin’s long-term trajectory. She believes that if these price targets are met, Bitcoin will rebound dramatically. New all-time high By 2027, it will be around $150,000.
But for now, the bears appear to have the upper hand in the market. Analyst Ali Martinez recently said that the TD Sequential indicator, which is designed to indicate potential market reversals, flashed Bitcoin sell signal.
Historically, this indicator has been a reliable predictor of price corrections, with declines of 78% and 32% occurring in the past. These median price revisions based on past economic downturns would point to a likely $40,000 price target, which is in line with Leshka’s Bitcoin predictions.
Analysts predict temporary rally in Bitcoin
Crypto Feras technical analysis is also contributing to this bearish sentiment. He pointed to Bitcoin’s breakout of its 50-day moving average (MA50) above $102,000, suggesting a period of reflection is needed.
beast shown The Exponential Moving Average (EMA89-99) may provide initial support at $88,500, typically facilitating a short-term “bearish retest” of the MA50 after a breakdown.
The analyst noted that this potential bull run typically lasts two to five weeks and could lead to positive movement in both Bitcoin and altcoins, even though investors could mistake it for a return to a bull market.
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Additional support is listed at $84,000 and could easily be retested. Ferras suggested that this scenario could represent the final bear trap before more bear traps. prolonged recessionhistorical trends are likely to repeat themselves.
He also addressed the question of when the market will return to “bullish mode.” According to Feras, Bitcoin will remain in a bear market as long as it trades below the weekly MA50.
Once Bitcoin retakes this important moving average, there will be discussion of a potential bull run or continuation of the market. bullish trend Maybe it can be restarted. Until that happens, he stressed, it is too early to call Bitcoin’s current phase bearish.
Featured image from DALL-E, chart from TradingView.com
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