{"id":3981,"date":"2025-04-09T05:00:25","date_gmt":"2025-04-09T05:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/is-74000-the-bottom-for-bitcoin-cmt-certified-analyst-says-38000-42000-is-coming\/"},"modified":"2025-04-09T05:00:25","modified_gmt":"2025-04-09T05:00:25","slug":"is-74000-the-bottom-for-bitcoin-cmt-certified-analyst-says-38000-42000-is-coming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/is-74000-the-bottom-for-bitcoin-cmt-certified-analyst-says-38000-42000-is-coming\/","title":{"rendered":"Is $74,000 The Bottom For Bitcoin? CMT-Certified Analyst Says $38,000-$42,000 Is Coming"},"content":{"rendered":"

The Bitcoin (BTC) price crash to $74,000 has left traders speculating<\/a> whether the cryptocurrency has finally hit a bottom. However, a CMT-certified analyst suggests that Bitcoin\u2019s price correction is far from over. He has predicted<\/a> an even deeper pullback to $38,000 – $42,000, which he identifies as Bitcoin\u2019s final price bottom.\u00a0\u00a0<\/p>\n

In a detailed Elliott Wave-based chart analysis, CMT-certified technical analyst Tony Severino outlines a classic Bitcoin\u2019s latest decline to $74,000 is merely the start of a broader ABC corrective pattern, potentially driving the cryptocurrency down to a bottom in the range of $38,000 – $42,000.<\/p>\n

New Bitcoin Price Bottom Incoming<\/h2>\n

In Bitcoin\u2019s 5-wave impulse structure, Wave 1 began with a sharp bear market low, followed by Wave 2, a corrective pullback. Wave 3 marked the strongest upward move, subdivided into five smaller waves (i to v). After the market paused briefly for a pullback in Wave 4, Wave 5 kicked off with a final push toward a peak near $85,000.<\/p>\n

Following the top of Wave 5, Bitcoin\u2019s ABC corrective structure began, marked by the red line on the chart. According to the analyst, the cryptocurrency is currently completing Wave A of this corrective pattern, which is expected to bottom out near $62,000 – $65,000 by June 2025. This price range coincides with the previous main correction zone around Wave 4, which is a common target for Wave A retracements.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

Notably, a bigger concern comes after Bitcoin\u2019s possible crash to $65,000 – $62,000. The analyst anticipates a short-lived bounce in Wave B, followed by a more pronounced decline in Wave C. This downturn is expected to push the Bitcoin price to its final bottom target<\/a> between $38,000 and $42,000 by April 2026. This pullback target further aligns with the iv sub-wave of Wave 3, which often serves as a key retracement zone during market corrections.\u00a0\u00a0<\/p>\n

Severino has confirmed through his technical analysis that the market is now in a bear phase. His price chart incorporates cyclical timing models, marking a complete market cycle characterized by a bull market peak<\/a> in 2025, followed by a bear market extending into mid-2026. This timeline is consistent with Bitcoin’s typical four-year halving cycle<\/a>, where the market reaches its peak the year after the halving event before entering a bear market phase.\u00a0<\/p>\n

Analyst Flags Death Cross In BTC\u2019s Chart<\/h2>\n

According to reports<\/a> from BarChart on X, Bitcoin has just formed a Death Cross on its price chart<\/a> for the first time since September 2024. A Death Cross occurs when the 50 Moving Average (MA) crosses below the 200 MA.\u00a0<\/p>\n

This distinct chart pattern is often considered a bearish sign, indicating that a potential downtrend might be on the horizon. Considering Bitcoin\u2019s price has declined to $78,900 at press time, the appearance of a Death Cross indicates a possibility of further breakdown and consolidation.<\/p>\n

\"Bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin (BTC) price crash to $74,000 has left traders speculating whether the cryptocurrency has finally hit a bottom. However, a CMT-certified analyst suggests that Bitcoin\u2019s price correction is far from over. He has predicted an even deeper pullback to $38,000 – $42,000, which he identifies as Bitcoin\u2019s final price bottom.\u00a0\u00a0 In a detailed Elliott…<\/p>\n","protected":false},"author":1,"featured_media":3982,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2121,2122,22,28,29,32,33,34,35,36,2123,2107,1272,1936,1538,1500],"class_list":["post-3981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-abc-corrective","tag-barchart","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cmt","tag-death-cross","tag-elliot-wave-theory","tag-ma","tag-moving-average","tag-tony-severino"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3981"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3982"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}