Bitcoin Forms Descending Pattern That Led To 2018 Bear Market Bottom
Bitcoin could also be shaping a bottoming structure that appears just like the formation seen on the finish of the 2018 bear market, in line with crypto analyst Osemka. After reviewing previous macro lows, the analyst is of the notion that the present Bitcoin setup will not be much like the 2022 cycle however as a substitute is nearer to the drawn-out descending sample that preceded BTC’s value motion in 2019.
The comparability is predicated on a falling resistance construction, a possible liquidity sweep under $60,000, a bear market bottom, and the event of a bullish divergence on a number of timeframes.
Descending Structure Points To Bear Market Bottom
Bitcoin is at the moment buying and selling round $65,000, that means it has dropped by about half from its October 2025 peak value of $126,080. By that measure, BTC has already entered bearish territory, and investor sentiment of utmost concern additionally helps that view.
In an analysis posted on X, Osemka defined that after reviewing all main macro lows on Bitcoin, the present setup resembles the 2018 bear market backside extra intently than the 2022 bear market backside. The chart he shared exhibits a descending sample with a falling blue trendline that connects successive decrease highs made by Bitcoin’s value motion in February.
The construction exhibits value buying and selling under the descending resistance, very similar to the late-2018 setting when Bitcoin continued to grind decrease. According to the analyst, the current sample seems to be forming an identical liquidity setup, and Bitcoin’s value is expected to gradually bleed lower earlier than a last decisive transfer.
Bitcoin Price Chart. Source: @Osemka8 on X
Liquidity Hunt To $60,000, 3D Bullish Divergence As Bottom Signal
An essential a part of Osemka’s backside prediction is the opportunity of a liquidity sweep just under $60,000. The chart features a dotted horizontal line close to that degree as a draw back goal the place resting liquidity could sit.
The concept is that if Bitcoin continues to observe the 2018 value motion, then it might proceed to fall and briefly dip below $60,000, which might then soak up sell-side liquidity earlier than stabilizing. If a comparable liquidity hunt unfolds, it might full the descending sample. Until then, the analyst’s message is persistence.
Another main issue highlighted within the chart is the formation of a 3D bullish divergence. This is a case the place BTC prints decrease lows throughout a number of time frames, however a momentum indicator like RSI, MACD, or Stochastic makes the next low.
At the time of writing, Bitcoin is buying and selling at $65,100 and is barely a 7.8% correction transfer away from breaking under $60,000. Bitcoin is more and more liable to breaking under this degree, with the concern and greed index at an excessive concern degree of 11. This development is reflected in persistent outflows from US Spot Bitcoin ETFs. The funds have now recorded five straight weeks of internet withdrawals.
