Bitcoin ($BTC) experienced a significant decline due to a combination of factors including macroeconomic data, geopolitical tensions, increased outflows from spot ETFs, and declining regulatory momentum in the United States.
$BTC For the first time, it lost more than $10,000 in value in a single day and tested the $60,000 level.
Bitcoin price fluctuations have revived historic bear market records in other markets. In percentage terms, Thursday’s daily candlestick was the biggest daily decline since the FTX crash.
“Yesterday, Bitcoin trading volume was the highest since August 2024. It’s a historical event,” said trader Jere.
As Bitcoin’s decline continues to deepen, one analyst has warned that a recovery is expected for Bitcoin. $BTC Prices could take years.
Bitcoin recovery could take until 2028!
Crypto analyst Recto Capital offered a pessimistic outlook for Bitcoin bulls, pointing to 2028 as the time for a full-fledged recovery.
The analyst is $BTC It may not happen before 2028, painting a classic bear market scenario for 2026.
Analysts who charted Bitcoin’s three-year chart said they expect a bear market in 2026, a bottom in 2027, and ultimately a recovery and trend reversal in 2028.
“2026: This year truly looks like the year of the Bitcoin bear market.”
2027: The year $BTC You will reach the bottom.
2028 will be the year when the trend will finally break through the $93,500 level and reverse the trend. ”
In conclusion, the analyst said it could take until 2028 for Bitcoin to rise above $93,500 again and break the downtrend, and warned in another post that the bear market could accelerate.
*This is not investment advice.
