2026-2-20 01:00 |
A revised cycle framework is drawing increased attention after a market technician detailed where Bitcoin sits within its broader structural progression. The assessment maintains that price has not transitioned into a bottoming phase. Instead, the market is positioned within a transitional range that typically develops before a deeper accumulation zone forms. Based on this structure, the next accumulation phase is projected to begin below $40,000.
Bitcoin’s Redistribution Signals Dominate Post-Peak StructureIn his breakdown, the analyst presented a chart mapping the full cycle progression from the 2022 bear market lows near $16,000 through the subsequent bull expansion. The initial stage represents classic accumulation, where long-term participants built exposure while sentiment remained subdued.
As the price advanced, two consolidation pauses emerged along the uptrend. The analyst identifies these as reaccumulation phases — temporary absorption zones where supply was redistributed without disrupting bullish structure. Stronger participants added positions while weaker holders rotated out, enabling the broader markup to continue with structural support.
The framework then tracks the transition into distribution at the cycle highs. Here, supply began transferring from early entrants to late buyers, limiting further upside. Once this transfer matured, price rolled into markdown — the decisive decline that followed the peak.
According to the analyst, the market has since progressed from markdown into redistribution. While both redistribution and accumulation appear as sideways ranges, he stresses they serve different structural roles. Redistribution forms after a breakdown, not at macro lows. Price may stabilize, but underlying control remains tilted toward sellers.
Volume dynamics reinforce that position. Participation has contracted rather than expanded, signaling limited demand conviction. Instead of clear absorption, the range reflects supply being repositioned gradually. The structure projects stability outwardly while internally preparing for potential continuation lower.
Why The Bitcoin Next Accumulation Zone Sits Below $40,000The analyst’s projection is anchored in historical cycle order. Prior market structures followed a consistent progression: accumulation at lows, reaccumulation during the advance, distribution at highs, redistribution after decline, and only then a fresh accumulation base.
Within that sequence, the current range aligns with redistribution. Because this phase refreshes selling pressure, it typically resolves with an additional downward leg before a durable floor forms. The charted path reflects this expectation, outlining further downside once the range completes.
The projected destination sits below $40,000. That region is identified as the zone where structural conditions may begin to resemble true accumulation. Characteristics would include prolonged consolidation, easing downside momentum, and visible long-term demand absorption: signals not yet present in the current environment.
The analyst does not frame this zone as an instant reversal point but as the foundation-building stage that historically precedes macro expansions. In that context, redistribution represents a process rather than a conclusion.
Structurally, the cycle remains in transition. Until redistribution fully exhausts supply, the groundwork for the Bitcoin next bullish phase is unlikely to be finalized. The framework, therefore, positions sub-$40,000 as the level where accumulation and the next cycle launchpad are expected to take shape.
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