Financial analyst Mike Fay issued a report last Friday, where he warned about the possibility of a serious decline in Bitcoin (BTC) prices. In his opinion, the market exhibits a similar phase to the one registered at the upward peaks of 2013, 2017 and 2021 before entering the bear market.
“The development of bassists could be launched with a head and shoulder with a pattern confirmed,” Fay says. This concept refers to the price movement consisting of three peaks. This consists of central peaks, as if it were a silhouette of the head of a person with shoulders.
This number occurred between the end of last year and the beginning of this. It tends to reflect the possibility of bullish changes against bassists. Historically, this technical analysis pattern has been formed half after each one and a half.
It’s now been a year since the last half. “The reasonable (bully) expectations have been from October 2025, suggesting that winds will officially increase during the peer market phase of the current cycle,” Faye says.
After this number, which can be seen below, Bitcoin continued temporarily, and then gained a bearish trend towards USD 73,000. And despite the fact that it later recovered to US$98,000, the move reflects weakness for analysts.
“This price measure has had a major impact on our upward ambition to see Bitcoin at USD 200,000 in this cycle.
Considering this evaluation, Analysts predict a sequence of five events in the coming monthsas the following comparison graph shows, follows the actions he perceived in the last three bear markets.
- A new recovery pattern near past maximums (USD 110,000).
- It will drop 50% from its maximum value (USD 55,000).
- Rebound up to 20% (USD 88,000).
- A new decline that moves prices away from the largest 70% (approximately USD 33,000).
- The final floor (approximately USD 16,500) from 80% to 85% of the peak.
They argue that these levels represent strategic opportunities to manipulate Bitcoin, but warn that traps can also be represented by those who maintain positions without adjustment.
In his own case, he explained it Plan your Bitcoin portfolio plan perfectly Over the next few months, we can take advantage of the latest price increases that are foreseeable before a noticeable decline.
Beyond technical patterns, Fay points out that he sees macroeconomic risks that drive the collapse of Bitcoin. The US’s true gross domestic product (GDP) growth fell to -0.3%.
In his opinion, this situation represents a large weight signal. “Emotional improvements cannot be easily compensated for by self-improvement,” he argues.
Despite Faye’s predictions, A general sense of the market shows recovery signalsgives you hope to see the new maximum historical price in this cycle.
According to analyst Axel Adler Jr, BTC could rise between USD 150,000 and USD 175,000, or at least about USD 110,000, as reported by Cryptootics. Historically, cycles peaked when they were metrics measuring market impulses and exceeded level 1.
Additionally, interest rate cuts in the US are expected this year, which will increase liquidity entering the Bitcoin market. This coincided with the currency cyclical calendar, and at the end of the year after Harving, it always reached the end of the upward trend.
However, the tariff policy implemented by US President Donald Trump creates uncertainty about the future of the economy. However, these measures and the suspension established for international negotiations have freed the fear that they will become union or greater inflation.
therefore, The market shows a mixed signal on how Bitcoin prices can lastthe general consensus remains hopeful, even when it returns to the greatest historical territory.