Despite a significant downturn in Bitcoin’s price, market analysts warn that the cryptocurrency has not yet reached its definitive bear market floor. Bitcoin has faced intense selling pressure in recent weeks, driven by macroeconomic uncertainty and shifting investor sentiment. According to several technical indicators and historical cycle patterns, experts suggest there is still room for further downside before a long-term accumulation phase begins. While the current price action reflects a deep correction, the ‘ultimate bottom’—often characterized by total market exhaustion and record-low valuations relative to cost basis—remains elusive. Investors are advised to brace for continued volatility as the market seeks a stable support level in the coming months.
Source: Bitcoin Is Down Bad, But Hasn’t Yet Hit Its ‘Ultimate Bear Market Bottom’: Analysts
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