{"id":44996,"date":"2026-05-29T00:00:41","date_gmt":"2026-05-29T00:00:41","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44996"},"modified":"2026-05-29T00:00:41","modified_gmt":"2026-05-29T00:00:41","slug":"bitcoin-bearish-flag-goes-up-as-expert-analyst-predicts-a-massive-crash-to-44000","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44996","title":{"rendered":"Bitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000"},"content":{"rendered":"

Bitcoin\u2019s anticipated recovery above is looking increasingly bleak<\/a> due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline.<\/a><\/p>\n

Bitcoin is currently trading at $73,240, down about 3.2% on the day. That drop has made<\/a> a bearish TradingView analysis by Xanrox more relevant, as the analyst had warned that Bitcoin could lose the lower region of its current structure and begin a wider move down to $44,000.<\/p>\n

Bitcoin\u2019s Bear Market Structure Is 70% Complete<\/h2>\n

According to <\/a>an expert crypto analyst known as Xanrox on social media, Bitcoin\u2019s bear market structure is about 70% complete. Xanrox\u2019s prediction is built around the idea that Bitcoin has been moving through a large<\/a> corrective structure since its all-time high above $126,000 in October 2025.<\/p>\n

Technical analysis of Bitcoin\u2019s chart shows three separate bearish flag formations on the daily candlestick timeframe. The first is a small bearish flag, the second is a medium bearish flag, and the third is a larger bearish flag that is currently developing around the current trading range.\u00a0<\/p>\n

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

Elliott Wave count places Bitcoin\u2019s entire price action since October in an ABC corrective pattern, with wave B now complete. That reading puts the Bitcoin bear market about 70% done, but the most painful portion is still ahead.<\/p>\n

Bitcoin Price Prediction<\/h2>\n

The ultimate prediction is that the current Bitcoin correction will continue to play out for months in a defined path. The first major level in the roadmap is the lower boundary of the bearish flag, with the $71,000 region standing as the important level here. A breakdown below $71,000 would add strength to the bearish setup and could expose Bitcoin to another move to the previous early February low around $63,000.<\/p>\n

The entire forecast points to a deeper correction, with the chart showing Bitcoin moving through the stages of a corrective C-wave that might eventually bottom out at a downside target around <\/a>$44,000. That level was identified by Xanrox as a strong point of control on the weekly candlestick chart, meaning it represents a high-volume zone that could attract price if it were to break below $63,000.<\/p>\n

The timeline attached to the prediction stretches into the second half of the year. The projected bottom is expected around<\/a> September or October 2026, followed by a stronger recovery through October, November, and December. The roadmap then points to a larger bull cycle after the correction ends, in 2027 and 2028, with Bitcoin potentially climbing to as high as $200,000 by 2028.<\/p>\n

Benjamin Cowen, CEO of Into The Cryptoverse and former NASA researcher, has also cited <\/a>October 2026 as his base-case bottom for Bitcoin\u2019s bear market, in line with Xanrox\u2019s timeline.<\/p>\n

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

Bitcoin\u2019s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline. Bitcoin is currently trading at $73,240, down about 3.2% on […]<\/p>\n","protected":false},"author":1,"featured_media":44997,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-44996","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44996\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. 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