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BillionMX has dropped another long-term analysis for Bitcoin, highlighting that one of their recent projections predicted a drop from the $78,000 zone down to levels close to $67,400. Based on market structures, historical cycles, and Fibonacci retracement levels, this new scenario suggests that the current bear market could extend until October or November of 2026 before finding a significant bottom for the next bullish cycle.
According to the projection, Bitcoin could hit lows between $46,119 and $39,308 during the final phase of the correction. This range would represent an approximate drop of between 59% and 68.7% from the estimated cycle peak. While the pullback would be substantial, it would follow a trend observed in previous cycles, where bear markets saw declines close to 86% in 2014-2015, 84% in 2018, and 77% during 2022.

Bitcoin is facing a key technical zone after a strong correction that pushed its price down to levels close to $60,000. In this context, some traders are starting to spot opportunities through limit orders placed in relevant support areas. Levels around $57,600 and $54,900 stand out as potential reaction zones, where historically there has been significant buyer concentration.
The current technical analysis suggests that the market could develop a significant bounce from these areas. However, this potential bullish movement doesn't necessarily imply the start of a long-term upward trend. In bearish cycles, it's common to see aggressive recoveries that create temporary optimism before the market resumes its main trend direction.