Bitcoin Price Analysis: When the Next Period of Major Pullbacks Will Start

Recent trends show that Bitcoin bulls are slowly gaining control of the market, but there could still be a window in the future where prices look weak again.

For now, the Bitcoin ($BTC) price is recovering quite well. After weeks of steep price declines, the premier asset has found support and now appears to be targeting higher levels.

From January highs of $97,900, it dropped 38.5% to $60,130 in February, an area analysts claim may have marked its price bottom. Meanwhile, the coin has rebounded nearly 30% to $78,000, suggesting that market conditions are improving and bearish momentum is weakening.

But would this period of steady Bitcoin price climb stand? For how long before the market sees another pullback?

Key Points

• Bitcoin bulls may enjoy the good spell in the crypto market for a few more days or weeks before the bearish trend resumes.
• The next window of weakness for $BTC could start between May and June, culminating in a timeline ranging from the next 3 days to 34 days.
• This aligns with a broader perspective that Bitcoin is in a bear market rather than a period of quick market pullbacks.
• The early April lows at $65,600 could be either a lower low, as in 2014, or a higher low, as in 2018, but each preceded a steeper decline.
• Some other analysts disagree, expecting $BTC to rally further towards $85,000, then $100,000.

Timeline for Next Bitcoin Pullback

IntoTheCryptoverse founder Benjamin Cowen discussed this topic in his recent X post. He suggested that bulls may enjoy the good spell in the crypto market for a few more days or weeks before the bearish trend resumes.

Specifically, Cowen noted that the next window of weakness for $BTC in the midterm could start between May and June. This culminates in a timeline ranging from the next 3 days to 34 days from today, April 27. Still, the analyst emphasized that accurately predicting the exact timing for this momentum shift is very difficult.

Meanwhile, the view aligns with his broader perspective that Bitcoin is in a bear market rather than a period of quick market pullbacks. The midterm market direction remains down until it fully completes its bear trend, according to its historical cyclical construct.

Higher Low or Lower High?

Cowen went on to address the backlash on his earlier predictions for April. Recall that almost a month ago, he claimed that Bitcoin would hit a new low in April, dropping below its February low of $60,000. However, that did not materialize, as the coin has rallied 14% so far and is set for its best monthly performance since April 2025.

The founder noted that the early April lows at $65,600 could be either a lower low, as in 2014, or a higher low, as in 2018. In each case, $BTC tends to rebound to higher prices, but what matters is what follows the recovery. For context, after over 30% rise in April of 2014 and 2018, the coin dropped back in subsequent months to new lows.

Cowen added that the market does not move in one direction, even in a bear market. There could be countertrend rallies in some cases, but the broader trend remains bearish. Notably, he expects Bitcoin to finally bottom in the last quarter of this year and enter a sustainable price recovery phase, initiating a new expansion period in the next bull market.

Conflicting Views on Bitcoin Trend

However, not every analyst shares this perception. While Cowen expects Bitcoin to start another leg down by May, analyst Michael van de Poppe sees further upside toward $80,000 to $88,000. According to the analyst, this could happen before the end of April.

Interestingly, $BTC neared the lower band last week, peaking at $79,500. Its price faced severe rejection and has since fallen to the current price of around $78,000. Nonetheless, it has held above the crucial $73,000 support, keeping hopes of a recovery alive.

Van de Poppe noted that clearing the major resistance at $85,000 paves the way for $100,000, where the next major supply zone lies.