Crypto analyst Bee is doubling down on a bearish call for Bitcoin, arguing that the recent rally above $80,000 is likely just a bounce inside a longer downtrend.
In an X post on May 11, Bee shared a video chart analysis arguing Bitcoin is “one leg away” from its historical cycle bottom. The analyst’s work traces price action since Bitcoin’s October 2025 all-time high above $126,200 and highlights a pattern of multiple short-term ascending channels nested inside a larger descending channel — a structure Bee interprets as a prolonged bear market unfolding through lower highs and lower lows.
Key points from Bee’s analysis:
- After the October 2025 ATH above $126,200, BTC plunged to $82,167, forming a lower low and initiating the first ascending channel.
- Bitcoin traded sideways within that channel before rallying to touch the upper boundary near $97,855 — a lower high compared with the 2025 peak.
- A sharper decline followed, taking BTC down to roughly $59,900 in February 2026, which some analysts viewed as the cycle bottom.
- Since then, Bitcoin has staged a recovery with volatility and pullbacks; the most recent surge pushed it back above $83,000 — a level Bee calls the second-lowest high since the 2025 ATH.
- After being rejected at that resistance, Bee predicts another leg down, targeting a final cycle bottom near $43,035 — more than a 45% drop from price levels above $79,000 at the time of his post.
Bee also notes that historical bear-market cycles tend to run about 365 days. At the time of the May 11 post, he said Bitcoin’s current bear cycle was on day 217, suggesting there may still be room for a “final flush” before a durable recovery.
Outlook: Once that bottom is reached, Bee expects the market to reset and then mount a sustained recovery, projecting a return to $100,000 by 2027 — but only after the lower bottom he forecasts has been established. His stance stands in contrast to other analysts who argue the downtrend is already over or that the cycle bottom could be nearer $50,000.
Takeaway: Bee’s technical read is a cautionary one — viewing recent gains as corrective rather than trend-reversing. As always, crypto price forecasts vary widely and carry high uncertainty; this analysis offers one bearish scenario among many. This is not financial advice.
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