- Reputed analyst shares full market breakdown.
- He shares an in-depth technical and psychological market analysis.
- Ultimately, he concludes a bear market followed by a crash and a 2026 recession.
As Bitcoin and Ethereum prices fall to lower prices with the start of the new month, other altcoin prices continue to fall with the leading crypto assets. This has led to increasingly falling sentiments across the crypto market and community, leading to reputed analysts scrambling to find bullish signs. Most recently, one reputed analyst shares full market breakdown with deep technical and psychological analysis.
Reputed Analyst Shares Full Market Breakdown
This analyst goes on to highlight how Bitcoin has been moving sideways for 120 days, now bouncing between the same two levels over and over again, which are the value area high (VAH) at $120,000 – $123,000 and the value area low (VAL) at $107,000 – $110,000, and every breakout attempt has failed so far. In early October, Bitcoin tried to break above the VAH and got rejected instantly, followed by a massive crash triggered by Binance heavy selling, conveniently masked by Trump trade war with China.
That crash drained liquidity and weakened depth, sending Bitcoin straight down to retest the VAL. One week later, it tried to break below $107,000 – $110,000, but once again the range held strong. Right now, Bitcoin is sitting right within the VAL. The analyst says that there is absolutely nothing in the current structure that makes him believe holding this position is wrong or risky.
Moreover, he says that the BTC price chart clearly shows an imbalance to the upside and that alone is enough to send Bitcoin to the VAH at $120,000 – $123,000, which is where he expects the next move to be. Now, regarding the cycle top calls at $126,000, he disagrees, saying there are no signs of reversal despite the heavy retail selling. The market structure remains intact, and the short-term setup supports higher prices.
Deep Technical and Psychological Analysis
Even in a confirmed bear market, this structure would still produce a bounce in the short term. To put it in perspective, during these 120 days of sideways movement, retail sold over 365,000 BTC. An average of 3,150 BTC per day, and yet Bitcoin was unable to properly break below the $107,000 – $110,000 level because whenever retail sells, institutions buy, meaning they are perfectly controlling the range, keeping Bitcoin trapped to exhaust and scare retail out of the market.
The analyst concludes by saying that a huge recession is coming in 2026. With calls for a bear market to begin and a crash to follow, the analyst expects this to play out in the next 6-12 months, which will make the financial markets reset. The boring sideways movement will soon come to an end, and markets will start to move aggressively. Thus, it seems most analysts are turning bearish for the rest of the year.
