"Collapsed every 750 days"...Bitcoin, double-digit crash warning for May 11

▲ Bitcoin (BTC) drop, Dollar (USD)/ChatGPT generated image

Amid growing expectations for a rebound, Bitcoin (BTC) has triggered a short-term market warning with the possibility of a double-digit plunge based on its 750-day halving cycle.

According to crypto media outlet Bitcoinist on May 5 (local time), an anonymous crypto market expert known as No Name on X (formerly Twitter) claimed that Bitcoin has shown a pattern of sharp declines exactly 750 days after each halving. He stated that similar price drops occurred at the same point after the past four halvings, and warned that a similar correction should be anticipated in the current cycle.

No Name explained that as of his analysis on May 1, the current Bitcoin market was on its 740th day since the last halving in April 2024. He anticipated 10 days remaining until the projected price drop, and Bitcoinist reported that as of May 5, the expected correction date was May 11. However, No Name also stated that it cannot be definitively concluded that the same decline will necessarily repeat in this cycle.

The chart presented by No Name did not include specific price targets for how low Bitcoin might actually fall. He advised investors to prepare for a potential decline, stating that past trends indicate a possibility of another downturn. No Name had previously assessed that the market is currently in an unstable phase, and most investors view a drop in Bitcoin's price as a mere correction.

Conversely, some analysts weighed in on the possibility of a short-term rise. Crypto expert Ted Pillows predicted that Bitcoin could quickly climb to $85,000 if it continues its bullish trend. He analyzed that after recently surpassing $79,000, Bitcoin is attempting to break past its November 2025 low, and if it recovers and maintains the $80,000 level, it could quickly rise to the $84,000-$85,000 range.

Bitcoinist reported that at the time of writing, Bitcoin was trading at $80,789 on the 1-day chart. As warnings of a decline based on the 750-day cycle after the halving and forecasts of further gains after recovering $80,000 emerge simultaneously, the debate over short-term direction is intensifying ahead of mid-May.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. This content should be interpreted for informational purposes only.*