This Analyst Called Bitcoin's Top At $125,000—And Now He's Calling For A Bearish Summer

Bitcoin's (CRYPTO: BTC) recent rally toward the $74,000-$87,000 region fits a classic counter trend bounce rather than the start of a new bull market, according to a prominent analyst.Why Is A Summer Weakness PredictedCrypto analyst Kevin who earlier called Bitcoin's rejection near $120,000-$125,000 says the market may still face another major leg lower before the next true bull cycle begins.The analyst pointed to Bitcoin's failure to break key resistance during the 2025 rally, combined with – weakening momentum indicators, bearish divergences and breakdowns below major moving averages – as early warning signs that the market structure had shifted bearish.The analyst believes Bitcoin could eventually revisit:

$56,000 near the golden pocket retracement

$55,000 around the 12-day 200 EMA

$48,000 near the 12-day 200 SMA

Potentially $44,000 near the 0.5 Fibonacci retracement level