{"id":26608,"date":"2026-02-14T15:03:00","date_gmt":"2026-02-14T15:03:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=26608"},"modified":"2026-02-14T16:16:14","modified_gmt":"2026-02-14T16:16:14","slug":"bitcoin-euphoria-2025-bottom-2026","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-euphoria-2025-bottom-2026\/","title":{"rendered":"Bitcoin: Why a lack of euphoria in 2025 could reshape the 2026 bottom"},"content":{"rendered":"\n

Bitcoin: The “No-Top” Cycle That Could Change Everything in 2026<\/h2>\n\n\n\n

Bitcoin<\/a><\/strong> continues to struggle to maintain its momentum. Stuck below the psychological resistance of $72,000<\/strong>, the king of cryptos faces persistent selling pressure that stifles every rally<\/strong> attempt. As we reach mid-February 2026, the market seems to hesitate between capitulation and accumulation, leaving investors in limbo. The bulls’ inability to regain control worries analysts, who now warn that a break below $60,000<\/strong> is an increasingly credible scenario.<\/p>\n\n\n

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\"Bitcoin
Source: Checkonchain<\/figcaption><\/figure><\/div>\n\n\n

But beyond short-term volatility, one theory is gaining traction: the “no-ceiling cycle.” Unlike previous cycles marked by excessive euphoria, the late 2025 peak (around $126,000) didn’t deliver the expected fireworks. This “missing” top could paradoxically cushion the current decline, thus redefining the depth of the 2026 Bear Market<\/strong>.<\/p>\n\n\n\n

A “Truncated” Top That Disrupts Historical Models<\/h2>\n\n\n\n

Bitcoin<\/a> history has accustomed us to binary cycles: a vertical (parabolic) explosion followed by a brutal 80% crash. However, the 2024-2025 cycle defied predictions. While the new ATH<\/strong> (All-Time High) was indeed reached, it wasn’t accompanied by the speculative frenzy typical of a “blow-off top.” This absence of euphoric ceiling suggests the market didn’t reach its usual overheating level, which could theoretically limit the severity of the current retracement<\/strong>.<\/p>\n\n\n\n

On-chain analysts emphasize that the market structure is different. Liquidity, while scarcer in recent weeks, hasn’t evaporated like in 2018 or 2022. The “no-ceiling cycle” concept implies that without massive upside excess, the downward correction (the bottom) could be less deep than the -85% feared by purists. We could witness a softer landing, where price oscillates in a broad distribution zone rather than collapsing vertically.<\/p>\n\n\n\n

However, this atypical structure traps many traders. The absence of clear end-of-cycle signals left many investors exposed, waiting for a final bullish leg that never came. Today, the market must digest this unrealized excess optimism, which explains the slowness and painfulness<\/strong> of the current correction.<\/p>\n\n\n\n

$60,000: The Last Bastion Before Capitulation?<\/h2>\n\n\n\n

Technically, the situation is tightening. The $60,000<\/strong> level is identified by most chartists as the critical support that must be defended at all costs. A weekly close below this threshold would validate a long-term bearish<\/strong> structure, opening the door to a drop toward the $48,000 – $52,000<\/strong> liquidity zone below the Realized price at $54,000<\/strong>. Volatility has spiked in recent days, a sign that weak hands are beginning to let go in the face of uncertainty.<\/p>\n\n\n

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\"Bitcoin
Source: Checkonchain<\/figcaption><\/figure><\/div>\n\n\n

Recent data also shows liquidity drying up in order books, making price more sensitive to whale movements. If macroeconomic conditions don’t improve quickly, the risk of a flash crash to hunt stops below $60k is real. It’s often in these zones of maximum pain that true market bottoms form.<\/p>\n\n\n\n

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