Analyst Predicts When a New Bitcoin Bull Run Could Begin This Year

As Bitcoin recently surpassed the $70,000 mark, many are left wondering if this signifies the beginning of a new upward trend or merely a pause in a prolonged downward correction. Crypto analyst CrypFlow, in a post on X, presents a technical analysis suggesting that Bitcoin may be in the initial phases of forming a significant cycle bottom. He believes that October 2026 could serve as a launchpad for the next major bull run, backed by multi-year trendlines and cycle behaviors, including the Stochastic RSI indicator.

Key Takeaways

Bitcoin's recent rise above $70,000 raises questions about a potential new bull run.
Analyst CrypFlow indicates that October 2026 could mark the start of significant upward movement.
Bitcoin is currently respecting a multi-year trendline that has historically shaped its major low cycles.
The price is testing previous resistance levels, now acting as support.
Historical data shows that Bitcoin's Stochastic RSI typically stays below zero for extended periods before recovery begins.

Bitcoin

Bitcoin Holds a Crucial Trendline Since 2018

A closer look at Bitcoin’s price action over the months reveals that the cryptocurrency is still adhering to a multi-year trendline, which has significantly influenced its past cycle lows. This ascending trendline connects the lows from 2018 and 2022 and now seems to provide support in 2026. Currently, Bitcoin's price is positioned right above this critical trendline.

CrypFlow pointed out a significant horizontal price zone that has previously acted as resistance around the peak of 2021. The level around $69,000 is now being retested as support. This transition from resistance to support is vital for Bitcoin's price development, indicating that the cryptocurrency might be attempting to establish a strong base at the confluence of the previous resistance levels and the rising trendline.

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Source: Chart from CrypFlow on X

If Bitcoin can maintain its position above the current price zone near $69,000, steering clear of the $50,000 area, it would replicate the price pattern observed at the bottom in 2022. That previous low also formed at a confluence of the rising trendline and resistance created in the earlier 2017 peak.

Forecast for a New Bull Run

While price levels capture most of the focus, timing is often overlooked. According to CrypFlow, many analysts are misjudging the cycle duration. He highlighted the Stochastic RSI as a critical measure to determine how long this indicator has lingered below zero during each significant bear cycle, noting a consistent historical pattern.

During the 2018/2019 cycle, the Stochastic RSI remained below zero for roughly 365 days before Bitcoin's significant reversal and market revival. A similar trend occurred in the 2022/2023 bear cycle, where Bitcoin spent nearly a full year below zero before kicking off its recovery. However, in the current cycle, Bitcoin's Stochastic RSI has only dipped below zero for about 120 days.

Combining these observations suggests the possibility that Bitcoin may form a double bottom later this year, likely around October 2026, preceding the next major bull run. This scenario does not inherently imply a drastic drop in Bitcoin's price. Rather, as per CrypFlow, it indicates that Bitcoin's price movement has yet to finish the gradual, steady process essential for establishing authentic cycle bottoms.

Bitcoin
BTC trading at $70,433 on the 1D chart | Source: BTCUSDT on Tradingview.com