Has Bitcoin Entered the Bear Market? CryptoQuant's Research Director Explains

Julio Moreno, Director of Research at CryptoQuant, a renowned company specializing in cryptocurrency market analysis, has provided notable insights into Bitcoin’s current market cycle. Moreno states that, based on several technical indicators, Bitcoin may have been in a bear market for approximately two months. Moreno’s analysis particularly emphasizes long-term trend indicators such as the one-year moving average. Moreno notes that these indicators are signaling behaviors similar to those Bitcoin exhibited during past bear market phases, highlighting that the market outlook suggests a deeper correction rather than short-term volatility. According to him, recent price fluctuations have also created significant caution among investors. The Director of Research reiterates that previous cycles show Bitcoin typically bottoms within a specific range during a bear market, predicting that the potential bottom this time could be between $56,000 and $60,000. Moreno states that this forecast is based on data related to “realized price” and the average decline rate in past bear markets. However, Moreno also emphasizes that the bearish market assessment does not exclude long-term potential. The analyst notes that historically, Bitcoin often enters a new recovery and growth phase after each decline cycle, and suggests that investors should focus on risk management and long-term strategies rather than short-term price pressures. Market participants believe that the coming months will be decisive in determining Bitcoin’s future direction.