Bitcoin (CRYPTO: BTC) still has some downside ahead in 2026, but a prominent analyst already projects the possible implications for altcoins such as XRP (CRYPTO: XRP).

Cycle Model Under Pressure   

In an Apr. 27 podcast, trader Cryptoinsightuk said the classic Bitcoin cycle framework suggests the market should be approaching a major top, followed by a bear phase and a potential bottom in 2026.

However, he noted that current price behavior does not clearly align with that structure, leaving the cycle interpretation uncertain.

The trader pointed to several indicators that historically appear near market bottoms, including bullish crossovers on the weekly MACD and RSI.

He also noted periods of negative funding rates, which have previously coincided with accumulation phases before strong rallies.

These signals suggest the market may already be transitioning into a new upward phase rather than entering a prolonged downturn.

At the same time, short-term price structure still leaves room for downside movement, keeping both bullish and bearish scenarios in play.

Key Levels Could Decide Cycle Outcome

Cryptoinsightuk said the next one to two months will be critical in determining whether the traditional cycle theory still applies.

A sustained breakout above key resistance levels could indicate that Bitcoin is undergoing a mid-cycle correction rather than entering a full bear market.

Conversely, a move to new lows would reinforce the historical four-year cycle pattern.

He also warned that traders should remain cautious on altcoin timing, including XRP, given its correlation to broader Bitcoin structure. The analyst suggested that XRP's setup mirrors Bitcoin's.

He specifically advised that waiting for a potential Bitcoin pullback toward the $60,000 zone could offer a more favorable entry point for altcoin exposure, depending on how the broader market develops.

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