Bitcoin Struggles in Bear Market as Predictions Remain Cautious

Bitcoin Faces Two-Month Bear Market, Analysts Report

According to a recent report from CryptoQuant, Bitcoin has been in a bear market for approximately two months, indicated by metrics such as the annual moving average. Julio Moreno, head of research at CryptoQuant, stated that most metrics used to assess market conditions have turned negative since early November and show no signs of recovery.

"The last confirmation for me is a technical indicator, which shows that the price has fallen below the annual moving average. This is the technical indicator I would consider as evidence that we are in a bear market," said Moreno. Bitcoin started the year 2025 at around $93,000 and peaked at $126,080 in October, but ended the year lower than where it began.

Moreno estimates that the bottom of this bear market could be between $56,000 and $60,000, considering the realized price and past performance. A decline from Bitcoin's historic peak to this level represents a drop of about 55%, compared to more severe decreases observed in the past.

However, Moreno emphasizes that this bear market is more stable than previous ones, due to the absence of major collapses and the presence of institutional investors who continue to accumulate cryptocurrencies steadily. This could mean that, despite the challenges, long-term demand remains strong.