Bitcoin: Corrective Phase or Market Bottom

March 25, 2026

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In recent weeks, a growing number of analysts have suggested that BTC may be in the process of forming a market bottom. But is this a plausible scenario?

Looking at the weekly chart, the current maximum drawdown stands at approximately 52%, which is significantly shallower than previous corrections that ranged between 72% and 83%.

Source: tradingview.com

This does not necessarily rule out the possibility that a bottom could form at these levels. However, if that were the case, it would represent the shortest bear phase in BTC’s recent history.

Shifting to the daily timeframe, price action is contained within a descending channel, with corrective rallies developing as rising wedge formations—a structure typically associated with bearish continuation.

Source: tradingview.com

Taking all of this into account, it appears more likely that the market is still undergoing a corrective phase within a broader downtrend, rather than establishing a confirmed bottom.

Where could a bottom form?
By projecting previous drawdowns and aligning them with long-term support levels and the macro ascending trendline, it seems reasonable to anticipate a potential bottom in the $35k–$40k USD range.

Source: tradingview.com

As always, this should be considered a speculative analysis based on technical patterns. Only time will determine whether this scenario plays out as expected.