Don’t Celebrate Bitcoin Price Above $70,000, Analyst Says It’s “Very, Very Bad”
Crypto market analyst Marmot has sounded the alarm on the newest Bitcoin value surge, warning that the cryptocurrency’s rally above $70,000 is a “very, very dangerous” sign. He argues that Bitcoin has not flipped into bullish territory, urging buyers and merchants to not mistake the current rebound as an indication of sustained restoration. Based on his technical evaluation, Marmot believes that Bitcoin is yet to reach its true bottom, warning that the flagship cryptocurrency may nonetheless face one other sharp decline.
Why The Bitcoin Price Rebound Above $70,000 Is Bad
Marmot has known as Bitcoin’s price rebound above $74,000 a entice. In a publish on X, he emphasised how dire the scenario surrounding BTC is, suggesting that the market could possibly be headed for a deeper pullback to new lows as soon as the uptrend reverses. The analyst noted that Bitcoin’s pump above $72,000 was not with out motive, highlighting that the bounce was a rigorously designed whale entice to draw retail patrons earlier than a broader sell-off.
Marmot urged buyers to not mistake this reduction rally as the beginning of a new bull run. He famous that comparable rallies have traditionally lured merchants into poorly timed entries, solely to be flushed out. The analyst additionally outlined why 90% of BTC merchants usually get worn out in November 2026, when earlier bear market cycles bottomed.
According to Marmot, throughout a bear market, Bitcoin usually experiences bull traps, wherein sudden value pumps create the phantasm that the downtrend has ended. This transfer tends to gasoline hope and trigger FOMO among investors, main many to purchase into the rebound. Once this occurs, Bitcoin’s value reverses sharply to the draw back, usually falling again to ranges it reached earlier than the rally started, triggering heavy liquidations.
The analyst emphasised that, beneath the current value energy, international liquidity is drying up as institutions quietly exit the market to restrict draw back threat. With weaker demand and ongoing geopolitical tensions weighing closely on market sentiment, Marmot believes Bitcoin’s bear market backside continues to be very distant.
Timeline And Target For Bitcoin’s Price Bottom
In his chart evaluation, Marmot referenced previous cycles, noting that Bitcoin has traditionally skilled lengthy drawdowns earlier than forming a backside. He identified that in 2012, Bitcoin traded sideways for as much as 405 days earlier than it hit a backside. In the 2026 cycle, the cryptocurrency discovered a value ground after about 362 days, and eventually, in 2020, the market declined for roughly 376 days earlier than reaching a backside.
Based on this historical bear market pattern, Marmot estimates that Bitcoin’s capitulation part on this cycle may happen between July and November 2026. His chart reveals that BTC’s value may rise even greater above $78,000 earlier than experiencing a final pullback under $54,000, the place it could doubtless discover its true backside.
