Analysts flag deeper BTC downside risk, with $40,000 target after $82,000 peak

Bitcoin's recent rally is showing signs of fading, with analysts outlining scenarios that could extend the pullback toward $40,000 after a move above $82,000. One view frames the rebound as a "dead cat bounce," while another argues the broader bear phase may be about 55% complete at 216 days into the cycle. Separately, a market watcher said this week could represent a cycle top, citing past crash patterns and a potential liquidation risk tied to a rapid open-interest spike.