- Bitcoin forms falling wedge pattern as it prepares to set its bottom.
- The bear market bottom price is expected to be hit around the $54,000 price range.
- This gives whales a chance to accumulate before bullish momentum arrives.
The crypto community sees downward momentum today after weeks of sideways movement. Could this be the start of the final leg down? Presently, analysts notice how Bitcoin forms falling wedge pattern as it prepares to set its bear market bottom price before reversal. Will the price of BTC set its bear market bottom in the $40,000 or $50,000 price range this year?
Bitcoin Forms Falling Wedge Pattern as it Prepares for Bear Market Bottom
Several reputed analysts have been calling for the bear market bottom price to arrive sometime between September and November 2026. In all likelihood, October 2026 is when the bear market bottom price should be set by Bitcoin (BTC), based on historical data. Over the last few months, the popular sentiment for the bear market bottom price target for BTC was in the $40,000 price range.
Since last week however, this prediction has been revised and reputed analysts believe the price of BTC will not fall lower than the $54,000 price range. In fact, one reputed analyst has gone on to sell all his short trades on BTC to take full heavy profits and has instead started to buy BTC as it trades between the $54,000 – $64,000 price range. With the current dip in prices, experts believe this last final price dip is currently underway.
$BTC is forming a falling wedge here.
And this is happening when Clarity Act is approaching its final phase.
An approval means Tom Lee could be right.
A rejection means he'll be wrong for some time and then right. https://t.co/NSUIMifWnD pic.twitter.com/HF3kEJS3R2— Ted (@TedPillows) July 28, 2026
As we can see from the post above, this popular crypto analyst shares his observation and highlights a pattern forming, as described in the chart on the post above. He marks how the price of BTC is forming a falling wedge pattern just as the Clarity Act is approaching its final phase. If this approval goes through then many predictions, including Tom Lee’s, about a bullish phase ahead could be true.
Bear Market Bottom Before Reversal Can Begin
The same post also says that a rejection on the same pattern will not mean an end to the recovery, but rather a simple delay. This means that the crypto market is set to rise once again and the rise has only been repeatedly delayed due to various reasons from political moves to geopolitical conflicts.
As the post above explains, BTC is moving towards its next lower low target which is at the $58,000 price range. This works well with the theory shared above, that a deeper drop in prices will allow the pattern to reach completion. This means that once the lower low targets have been hit, the price of BTC, and the greater crypto market will enter a bullish recovery phase over the coming months.
