$BTC dipped below $90K this weekend after a near 3% drop, triggered by leveraged liquidations that shook the market. Bulls are now defending $84K — if that level fails, $80K could be on the horizon. On the upside, reclaiming $93K remains key for momentum.
Veteran trader Peter Brandt warns that this recent rally might be the only retest of a broadening “megaphone” top pattern, signaling a possible bearish reversal. He assigns a 30% chance that the cycle peak is already behind us.
Meanwhile, analysts are debating Bitcoin’s cycle. Traditional four-year patterns are showing cracks in 2025. Jeff Park of ProCap BTC suggests a shift to a two-year cycle driven by institutional capital and evolving market dynamics. If correct, traders may need to rethink timing, volatility, and entry strategies in 2026.
$BTC price action this week:
Started Dec near $85K → briefly touched $93K → now back under $90K
Intraday low Monday: $83,800 → recovered to $91,308 on Tuesday
Thursday/Friday: fell below $90K to $89,345, ending weekend at $89,267
Key levels to watch: $84K support, $93K resistance. Market swings remain sharp, making BTC a high-volatility trading opportunity.
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