TechFlowPost reported on June 12 that, according to the BIT ON TARGET weekly report dated June 12, 2026, Bitcoin’s current bear-market movement is highly consistent with the path projected at the beginning of the year. The report frames the latest price action within an A-B-C corrective structure and says that this structure has entered its final stage.
A-B-C Correction Nears Its Final Phase
According to the report, Bitcoin’s A-wave decline moved into the 60,000–69,000 dollar range before the asset rebounded into the 80,000–90,000 dollar area. The rebound then formed a short-term high near 83,000 dollars, after which upside momentum gradually weakened. These levels are used in the report as key references for assessing where Bitcoin stands within the current cycle.
The report states that the sequence of the A-wave drop, the rebound range, the interim top near 83,000 dollars, and the subsequent loss of momentum broadly matches the earlier bear-market roadmap. In this framework, the 60,000–69,000 dollar area and the 80,000–90,000 dollar rebound zone are central to the report’s reading of the market structure.
Sentiment and Cycle Signals Under Review
BIT ON TARGET also points to the Fear and Greed Index, saying the indicator is approaching a historically important area. The report compares the current setup with the structure seen around the 2022 bear-market bottom, treating the sentiment reading together with the A-B-C correction as part of its assessment of whether bottoming conditions are forming.
The weekly report focuses on three main questions: the key price range where the bear market may end, the macro catalysts expected to drive the next bull market, and the signals that cycle indicators need to release in order to confirm a trend reversal. These questions define the report’s framework for evaluating a transition from a corrective phase toward a confirmed reversal.
The report concludes that the summer trading lull during the FIFA World Cup may mark the final stage of the current Bitcoin bear market. It says this bottom may become one of the more concentrated time windows in Bitcoin’s history, with relatively clear triggering conditions. In the report’s wording, the window is now opening and bottoming conditions are close to maturity.