$BTC 2026 Bear Market Structure | WXY
This is how I see the structure of this Bear Market
We've already spent more time chopping between $62-78k than between $84-97k back in November-January, so now I assume we are dealing with a Double Zigzag (WXY) and this move from $60k to $79.5k (could go even higher as the next major resistance sits at $85k and the ABC target is $82.5k, so a little more upside would be quite normal) is Wave (X) between two bearish Waves (W) & (Y).
From the timing perspective, we still have ~5 months of this bear market left.
Wave (W): $126k --> $60k
Wave (X): $60k --> $80k
and now I'm expecting the final wave down
Wave (Y): $80k --> $40k (Bear Market Bottom in September-October 2026) 📍