TechFlow reported on June 12 that BIT ON TARGET’s weekly report, dated June 12, 2026, says Bitcoin’s current bear-market movement is highly consistent with the path it had projected at the beginning of the year. The report frames the latest price action through an A-B-C corrective structure and states that this structure has entered its final stage.
The A-B-C correction approaches its final phase
According to the report, Bitcoin first declined into the 60,000–69,000 dollar range during the A-wave portion of the move. It then rebounded into the 80,000–90,000 dollar range and formed an interim top around 83,000 dollars. After that phase, the report says rebound momentum gradually weakened, keeping the overall bear-market trajectory closely aligned with BIT ON TARGET’s earlier roadmap.
The report also notes that the Fear and Greed Index is approaching a historically important zone. BIT ON TARGET compares the current structure with the 2022 bear-market bottom, saying the two are highly similar in this respect. Rather than treating the current setup as a single-price question, the report links price structure, sentiment conditions and cycle indicators in its assessment of whether Bitcoin is moving toward a bottoming phase.
Three questions shape the bottoming framework
BIT ON TARGET says its analysis focuses on three core questions. The first is the key price range where the bear market may end. The second is the set of macro catalysts that could drive the next bull market. The third is the type of signal that cycle indicators would need to release in order to confirm a trend reversal. These three lines of analysis form the basis for the report’s view on the conditions required for a transition out of the current bear-market phase.
The report argues that the summer trading lull during the World Cup may mark the end stage of this bear market. It further states that the current bottom area may become one of the more concentrated time windows in Bitcoin’s history, with relatively clear triggering conditions. In BIT ON TARGET’s wording, the window is now opening and the conditions for a bottom are close to maturity.