Bitcoin Drops Below Critical Support, Bear Market Signals Emerge
According to Matrixport's latest weekly market analysis report, Bitcoin's price has broken below a key support level long monitored by technical analysts, marking a shift in market sentiment from观望 to bearish outlook.
Analysts noted that the current price decline closely mirrors early bear market phases in historical cycles. Market discussions have shifted from whether the bull trend can continue to when the next investment opportunity might emerge.
Historical Cycles Offer Valuable Insights
Reviewing past bull-to-bear transitions, analysts successfully identified the 2020 bull market start and accurately predicted this cycle's peak potentially reaching $125,000.
- From late 2024 to October 2025, multiple signs indicated the bull market was nearing its end
- Volatility frequency and retracement levels show strong similarity to early bear phases
- Trading volumes and market sentiment are simultaneously showing cooling signs
How to Respond in Early Bear Phase?
While the market enters adjustment, analysts suggest this provides observation opportunities for long-term investors. The report recommends:
- Reducing short-term speculation, focusing on fundamental changes
- Monitoring on-chain data and macro policy developments
- Preparing allocation plans for the next bull cycle in advance