The current bear market phase of Bitcoin has some similarities to the early stages of previous cycles. The market may not necessarily continue to decline along pessimistic expectations; instead, signs of strengthening could emerge in the later stages. Bear markets aren’t always about linear declines. In the past, Bitcoin has often entered new upward phases only after periods of low sentiment and reduced volatility. The current market structure shows comparability to those stages. Investors remain defensive about short-term trends, but this caution itself might indicate that selling pressure is weakening. If Bitcoin continues to consolidate within its current range, the market might reassess the position of this cycle. Ultimately, the real direction will be determined by subsequent price movements and changes in capital flows.
