#Abril Bear market structure of
$BTC in 2026 | WXY
This is how I see the structure of this bear market:
Between November and January, the price fluctuated more between $62,000 and $78,000 than between $84,000 and $97,000. Therefore, I assume we are dealing with a double zigzag (WXY). This move from $60,000 to $79,500 (which could rise even further, since the next major resistance is at $85,000 and the ABC target is $82,500—so a slight additional pull-up would be quite normal) is wave (X) between two bearish waves (W) and (Y).
From the time perspective, we still have approximately 5 months left in this bear market.
Wave (O): $126,000 --> $60,000
Wave (X): $60,000 --> $80,000
Now I’m expecting the last bearish wave: Wave (Y): $80,000 --> $40,000 (Minimum of the bear market in September-October 2026) 📍