Bitcoin Bear Market Nearing Its End, Analyst Says

Is the worst finally behind Bitcoin? A leading crypto analyst thinks the market may be turning a corner — but he's not making wild promises.

Jamie Coutts, chief crypto analyst at Real Vision, says Bitcoin appears to be entering the later stages of a bear market (a long period when prices fall and stay low). Speaking on Cointelegraph's Trade Secrets, he said, "I think we're getting through most of the bear market action... we're approaching at least the second half."

Where things stand right now:

• Bitcoin (BTC) is trading around $63,000
• That's roughly 50% below its all-time high of $126,100 in October 2025
• Bitcoin's volatility (how wildly the price swings up and down) is about 50% lower than the last market cycle, suggesting this downturn is milder than past ones

Coutts describes the current situation as a "typical garden-variety bear market" — in other words, nothing unusually scary. He's also spotting early technical signs that selling pressure is easing. He mentioned a "bullish divergence," which simply means the downward push is slowing down — though he stressed this doesn't mean the bear market is over.

Why did prices fall? Many blamed tightening global liquidity (less money flowing freely through the financial system). But Coutts adds that weakening onchain fundamentals — real activity and demand happening directly on the Bitcoin network — also played a big role.

What about the future? Coutts is skeptical that Bitcoin will hit $1 million by 2030, calling that far too early to predict. However, he's more confident Bitcoin could climb to $250,000 over the next couple of years.

The takeaway: According to Coutts, the painful part of this cycle may be winding down, even if it's not fully over yet. As always with crypto, prices can be unpredictable — as he put it, markets "just sort of do their own thing."

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/features/bitcoin-is-approaching-the-second-half-of-the-bear-market-jamie-coutts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound