Bitcoin Bear Market Confirmed? Expert Predicts Price Target Of $40,000 By Late 2026

Bitcoin (BTC) experienced a slight rebound after reaching a near eight-month low of $87,500 on Wednesday. By Thursday, the leading crypto surged back toward $90,000. However, market expert Leshka warns that this brief increase may signal only the start of a new distribution phase for Bitcoin, as selling pressure continues to build. Possible Bottom Between $40,700 And $47,500 In a recent post on X (formerly Twitter), Leshka assessed Bitcoin’s position on the weekly chart, identifying critical demand zones between $40,700 and $47,500 that could take shape throughout 2026. She suggested that these levels might represent the bottom for Bitcoin during the anticipated bear market. If such forecasts materialize, this could indicate price drops of 47% to 54% from current values. Despite these potential lows, Leshka remains optimistic about Bitcoin’s long-term trajectory. She mentioned that if these price targets are met, Bitcoin could rebound dramatically, reaching new all-time highs of around $150,000 by 2027. In the immediate time, however, bears appear to have the upper hand in the market. Analyst Ali Martinez recently noted that the TD Sequential indicator, which is designed to signal potential market reversals, has flashed a sell signal for Bitcoin. Historically, this indicator has been a reliable predictor of price corrections, with past occurrences resulting in drops of 78% and 32%. A median correction based on these previous downturns would indicate a possible price target of $40,000, aligning with Leshka’s forecasts for Bitcoin. Analyst Predicts Temporary Rally For Bitcoin Technical analysis from Crypto Feras also contributes to this bearish sentiment. He pointed out that Bitcoin has breached its 50-day moving average (MA50) placed above $102,000, suggesting that a period of reflection is in order. Feras indicated that the exponential moving averages (EMA89-99) could 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 rally usually lasts for two to five weeks and may see both Bitcoin and altcoins behave positively, even though investors might misinterpret it as a return to a bull market. Additional support is noted at $84,000, which could be briefly retested. Feras suggested that this scenario might represent a final bear trap before a more prolonged downturn, a historical trend that could repeat itself. He also addressed the question of when the market might shift back into “bull mode.” According to Feras, Bitcoin will remain in a bear market as long as it trades below its weekly MA50. Once Bitcoin reclaims this important moving average, discussions regarding a potential bull market or continuation of a bull trend could resume. Until that happens, he emphasized that it is premature to label Bitcoin’s current phase as anything but bearish. Featured image from DALL-E, chart from TradingView.com