NewsBTC •
April 29, 2026 at 11:00 •
Analysis
Bitcoin could fall to around $30,000 before the year is out — at least according to one widely followed chart analyst. That bleak projection, drawn from a pattern tied to US midterm election years, is adding fresh weight to a growing skepticism about whether Bitcoin can reach $250,000 in 2026. Related Reading: Bitcoin Bull Run Brewing: ATH In Sight By Late 2026: Analyst Pattern Tied To Election Years Raises Red Flags Analyst Merlijn The Trader pointed to a recurring tendency for Bitcoin to sell off sharply in May of midterm election years. In 2014, Bitcoin dropped 60%. In 2018, it fell 65%. In 2022, the decline hit 66%. Each of those drops started around May. If 2026 follows the same script, Bitcoin — currently trading near $77,000 — could lose more than 60% of its v...
