BEARISH (0.80)CoinTelegraph

Analysts Forecast Extended Bitcoin Bear Market

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Recent analysis from market observers suggests Bitcoin's current bear cycle may extend into late 2026, challenging conventional four-year cycle expectations. This extended timeline reflects growing concerns about macroeconomic headwinds and persistent selling pressure, with exchange reserve data indicating continued distribution rather than accumulation patterns. The projected bottom range of $30,000-$45,000 represents a significant retracement from current levels, though remains substantially above previous cycle lows.

Technical analysts point to rising exchange reserves as a key bearish indicator, suggesting institutional and retail investors are moving coins to exchanges for potential liquidation rather than long-term storage. This supply-side pressure, combined with regulatory uncertainty and traditional market volatility, creates a challenging environment for sustained price appreciation. However, the projected bottom range still represents a substantial premium to Bitcoin's production costs, suggesting underlying network fundamentals remain robust despite price weakness.

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