Bitcoin may be forming a price structure similar to the one that marked the end of the 2018 bear market, according to crypto analyst Osemka, who suggests the current setup could signal a potential bottom. In a recent analysis posted on X, Osemka compared the current Bitcoin price action to the 2018 bear market bottom, noting that the current chart pattern is more aligned with the 2018 cycle than the 2022 bear market bottom.

Descending Resistance and Liquidity Sweep

Osemka pointed to a falling resistance structure in Bitcoin’s price chart, which he argues is a key feature of the 2018 bear market bottom. The analyst shared a chart showing a descending trendline connecting successive lower highs in Bitcoin’s price action in February, with the price trading below that line, much like it did in late 2018. This development suggests a bear market environment, where Bitcoin’s value has already dropped by about half from its peak in October 2025, currently trading around $65,000.

According to Osemka, the current setup resembles a liquidity sweep below $60,000, a level marked by a dotted horizontal line on the chart. He suggests that if Bitcoin continues to follow the 2018 price action, it could briefly dip below $60,000, absorbing sell-side liquidity before stabilizing. This could complete the descending pattern and signal a potential bottom for the cryptocurrency.

Bullish Divergence and Investor Sentiment

Another key factor in Osemka’s analysis is the formation of a 3D bullish divergence, a technical indicator where Bitcoin prints lower lows on multiple timeframes, but momentum indicators like RSI, MACD, or Stochastic show higher lows. This divergence suggests that the market may be nearing a turning point, even as Bitcoin’s price continues to decline.

Investor sentiment has also shifted toward extreme fear, with many market participants viewing Bitcoin’s current price as bearish. This sentiment is reinforced by the cryptocurrency’s significant drop from its peak of $126,080 in October 2025, which has already led to a 50% decline in value. The combination of technical indicators and investor behavior raises questions about whether Bitcoin is nearing a bottom or if further declines are expected.

Osemka emphasized that patience is key in the current environment. He noted that the descending pattern is expected to continue, with Bitcoin’s price gradually bleeding lower before a final decisive move. If a liquidity hunt similar to that seen in 2018 unfolds, it could complete the pattern and signal the start of a potential bull run.

While Osemka’s analysis is based on historical patterns and technical indicators, market conditions are always subject to change. The cryptocurrency market is known for its volatility, and factors such as macroeconomic conditions, regulatory developments, and investor sentiment can all influence Bitcoin’s price in the short and long term.

What Analysts Say About the Outlook

Other analysts have also weighed in on Bitcoin’s current trajectory. Some suggest that the market is in a consolidation phase, with investors waiting for a clearer signal before making major moves. Others are more cautious, warning that the cryptocurrency’s price could continue to decline if the bear market persists.

Despite the uncertainty, Osemka’s analysis has drawn attention from traders and investors who are closely monitoring Bitcoin’s price action. His comparison to the 2018 bear market bottom has sparked discussions about whether the current cycle could follow a similar path, with a potential bottom forming in the coming months.

As Bitcoin continues to trade around $65,000, the market remains closely watched for any signs of a turning point. Investors are advised to remain cautious and to monitor both technical and fundamental factors that could influence the cryptocurrency’s price in the near future.