Bitcoin's Bear Market Deepens: Why $35,000 Could Be the Next Stop

New York, Saturday, 20 June 2026.
Bitcoin’s 2026 bear market shows no signs of reversal, with analysts warning of a potential crash to $35,000. A weakening three-wave bounce pattern and failed rallies signal prolonged downside, while institutional adoption has only softened—not prevented—the decline. Key support at $63,500 is under threat, and a break could trigger a deeper sell-off. With Bitcoin now the 15th largest global asset by market cap, investor sentiment remains fragile amid macroeconomic uncertainty and regulatory pressures. The most bearish forecasts suggest a 76% drawdown from 2025’s peak, aligning with historical cycles. Could this be the final test before a 2027 recovery?