4 Signs That Bitcoin Is in the Early Stages of a Bear Market: How Long Could It Last?
Summary
Bitcoin, having fallen significantly this year, shows four signs suggesting it is in the early phase of a bear market. First, capital flight is confirmed as new investor inflows have turned negative, indicating selling pressure is not being absorbed by new buying, which is characteristic of bear market contraction. Second, technical analysis using Fibonacci retracement suggests room for another significant price leg lower, potentially down to $42,000 or even below $40,000 based on historical patterns. Third, the Bull-Bear Market Cycle Indicator shows bearish conditions have begun but have not yet reached extreme levels seen in past bear phases. Finally, while Bitcoin whales are accumulating, similar to early 2022, historical data suggests a broad recovery might take a long time, perhaps not until 2023 in the previous cycle. Experts are divided on the timeline for an end to the downturn, with some predicting mid-2026 while others remain more optimistic.
(Source:BeInCrypto)