It is timely to revisit the typical crypto market cycle, as Bitcoin continues to respect it with remarkable precision.

The macro top was confirmed in October, when $BTC tested the $126,000 zone, marking the current cycle ATH. Since that rejection, price has transitioned into a prolonged consolidation phase, which structurally aligns with the early stages of a broader bear market cycle.

From a wave structure perspective, price action is developing an extended corrective formation (ABC). The initial decline from $126K to the $59K region completes Wave A. Current market behavior suggests a potential Wave B recovery toward the key supply and resistance band around $84,800–$90,000, where sellers are expected to reassert control.

Failure to reclaim and hold above this supply zone would likely trigger Wave C, with downside continuation toward the $34,000–$30,000 projected target area. This zone aligns with historical demand, prior cycle accumulation, and long-term value based interest making it a critical region for strategic accumulation, not panic.

Cycle analysis indicates that this corrective phase may extend into early 2027, setting the stage for the next major accumulation and recovery phase. While short- to mid-term volatility and downside risk remain valid, the broader macro structure continues to support higher prices long term, with expansion potential toward $200,000+ once the cycle reset completes.

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