BroadChain learned that at 10:16 on April 26, according to NewsBTC, cryptocurrency analyst Crypto Bullet posted a prediction on the X platform, stating that Bitcoin is still in a bear market trend and may not have hit the cycle bottom yet. Through a "double zigzag (WXY)" wave structure analysis, he pointed out that BTC completed the W wave by falling from the October 2025 high of $126,000 to the February 2026 low of $60,000. Subsequently, an X wave rebound could push the price above $80,000, and the final Y wave would lead to a price crash to $40,000, with the expected time window between September and October 2026.
The analyst emphasized that BTC's recent rebound above $78,000 does not signify the end of the bear market but is part of a larger correction. If it drops from $80,000 to $40,000, the decline would be 50%. Another analyst, Tony Severino, also considers this the most likely scenario.