Bitcoin maybe Formation of bottoming structure Cryptocurrency analyst Osemka said this is similar to the formation seen at the end of the 2018 bear market. After considering past macro lows, analysts believe that Bitcoin’s current setup does not resemble the 2022 cycle and is instead approaching a long-term downward pattern ahead of BTC’s price action in 2019.
This comparison is based on a downside resistance structure, a potential liquidity sweep below $60,000. the bottom of the bear market, and the development of a bullish divergence on multiple time frames.
A downward structure indicates a market bottom.
Bitcoin is currently trading around $65,000, which means it has fallen by about half from its high of $126,080 in October 2025. On that scale, BTC Already in bearish territory And the extremely fearful investor sentiment supports that view.
in Analysis posted on XOsemka explained that after considering all of the major macro lows for Bitcoin, the current setup more closely resembles the 2018 bear market bottom than the 2022 bear market bottom. The chart he shared shows a downtrend pattern with a blue downtrend line connecting consecutive lows formed by Bitcoin’s price movement in February.
This structure indicates that the price is trading below descending resistance, much like the environment in late 2018 when Bitcoin continued to decline. According to analysts, the current pattern appears to be forming a similar liquidity setup, with Bitcoin price Gradual downward bleeding is expected. before the final decisive move.
Bitcoin price chart. Source: @Osemka8 from X
Liquidity quest to $60,000, 3D bullish divergence as downside signal
A key part of Osemka’s bottom prediction is that liquidity could be just below $60,000. The chart includes a dotted horizontal line near that level as a downside target where dormant liquidity may exist.
The idea is that if Bitcoin continues to track its 2018 price trend, it could continue to fall. and temporarily fell below $60,000. This absorbs sell-side liquidity before it stabilizes. If a similar level of liquidity hunting develops, a downward pattern may be completed. Until then, analysts’ message is patience.
Another major factor highlighted on the chart is the formation of a 3D bullish divergence. This is a case where BTC records lower lows over multiple timeframes, but momentum indicators such as RSI, MACD, or Stochastics show higher lows.
At the time of writing, Bitcoin is trading at $65,100, with only a 7.8% correction below $60,000. Bitcoin is increasingly at risk of falling below this level, with the Fear and Greed Index at an extreme fear level of 11. This tendency is reflected in Outflows from US spot Bitcoin ETFs continue. The funds are currently Recorded for 5 consecutive weeks Net withdrawal amount.
Featured image created by Dall.E, chart on Tradingview.com
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