A crypto analyst has stated that the Bitcoin price remains firmly in a bear market, projecting more volatility and pain ahead for the world’s largest cryptocurrency. The expert also noted that BTC has entered the final phase of this bearish stage, a period where the market is expected to reach its lowest levels alongside extreme Fear, Uncertainty, and Doubt (FUD). In his outlook, the analyst projected a timeline for when Bitcoin could complete its final capitulation move and establish a long-awaited bottom. He has also outlined a likely target range for this projected price floor.

Bitcoin To Face More Declines In Final Bear Phase

Pseudonymous crypto analyst No Name has broken down his price projections for Bitcoin in this bear cycle. In an X post on June 9, the expert announced that the leading cryptocurrency has officially entered the second and final stage of its bear market phase. 

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No Name noted that a typical bear market cycle does not end or start at random, suggesting it moves in a well-structured, methodical manner. The analyst explained, using a detailed chart, that a normal bull market goes through six stages, while a bear market experiences only two—marked by a major price crash and complete disinterest. 

During the first bearish phase of this cycle, Bitcoin’s price declined sharply, shattering the optimistic narrative surrounding the cryptocurrency. This downturn followed a record-breaking rally in October 2025, when Bitcoin surged past $126,000, setting a new all-time high. Since then, the cryptocurrency has continued to trend downward, recently dipping below $60,000 at one point this month.

Notably, the second bear phase, in which the market currently resides, is historically characterized by slow, sideways price movement and extremely low investor sentiment. This comes as enthusiasm and interest in Bitcoin plummets, prompting many participants to exit the market. During this phase, trading volumes typically drop, price volatility narrows, and fear dominates investor behavior, often leading to extended periods of stagnation.

In his analysis, NoName noted that both bear market phases typically last about 350 days each. With the first phase already completed in this cycle, the math suggests that Bitcoin’s ongoing bear trend could end in October 2026. Confirming this, the analyst expects BTC’s price to hit its final cycle bottom within a key target range around that timeline. Based on his chart, this price floor currently sits between $47,000 and $51,000, aligning with the MA 350. 

Analyst Forecasts BTC Crash Next Week And ATH Next Year

For a shorter-term outlook, crypto analyst Kabuki projects that Bitcoin could crash to $54,000 as soon as next week. He expects the cryptocurrency to also extend this decline, likely hitting a final price bottom around $47,000 by July 2026. 

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He backed his bearish outlook by noting that Bitcoin is currently at a historical level where every bull trap ends. Once the bear market capitulation concludes by July, Kabuki predicts that a fresh bull trend could emerge, potentially paving the way for BTC to rally to new all-time highs around $151,000 by January 2027. 

Featured image from Getty Images, chart from Tradingview.com

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Bitcoin’s price action is no longer trading with a sense of euphoria, nor is it safely above the levels that kept bulls confident earlier in the year. Instead, the leading cryptocurrency has now moved into a DCA zone, which is a region that has appeared in past cycles when sentiment was at its lowest and long-term opportunity was quietly forming.

There are two sides to the pattern, and the bullish side says BTC now seems to be forming an opportunity for accumulation before another rally.

Bitcoin Returns To The Zone Where Fear Usually Peaks

Crypto analyst Ardizor noted on X that Bitcoin has now touched the same dollar-cost averaging zone that appeared before major recoveries in previous cycles. There’s also a familiar pattern going on with BTC right now: the market declares Bitcoin dead, the price enters the long-term DCA accumulation region, and the next rally eventually takes the cryptocurrency to a new all-time high.

The candlestick price chart, which is shown below, tracks BTC on the monthly timeframe and compares three major cycle structures. Back in 2019, Bitcoin’s price entered a depressed DCA accumulation area after the 2017 peak around $19,000, which dragged the price down by more than 83%. That zone later preceded the run to the 2021 all-time high around $69,000.

The 2022 episode was shorter in duration but structurally identical. The FTX exchange collapse in November of that year produced a wave of forced selling, and Bitcoin fell to around $15,500 from its 2021 peak above $69,000.

However, BTC bulls eventually broke through the fear, and the best of accumulators were able to ride alongside an almost 600% rally above $100,000, and the cryptocurrency eventually rallied to a new high above $126,000 in October 2025.

Where Does Bitcoin Go From Here?

The question now is whether BTC can hold this DCA zone long enough for the cycle structure to turn bullish. At the time of writing, Bitcoin is trading at $62,800, which is still around the curved support shown on the monthly chart above. As long as BTC continues to respect that long-term structure, the comparison with the 2019 and 2022 accumulation phases will still make sense.

However, ETF flows and on-chain signals are adding bearish pressure to counter the bulls accumulating at this point. For instance, Bitcoin’s Realized Cap has declined by roughly $12 billion from its mid-May peak. Another analysis of Bitcoin’s PnL Index, which combines a few other data metrics, shows that Bitcoin has yet to reach a bottom, although it is currently in a transition phase.

However, that does not invalidate the DCA-zone argument. In fact, it may strengthen the comparison with past cycles. The 2019 and 2022 accumulation zones did not appear during calm conditions, but when liquidity was thin, and traders were still expecting another bottom.

Featured image from Pixabay, chart from Tradingview.com

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Crypto analyst Ash Crypto has revealed that Bitcoin has entered the ‘thrill’ phase. The analyst further explained what to expect from the flagship crypto moving forward, having entered this phase of the bull run. 

What To Expect From Bitcoin In ‘Thrill’ Phase

In an X post, Ash Crypto revealed that Bitcoin is entering the thrill phase. Based on this, he told market participants to expect high volatility and more liquidation. Overall, the analyst remarked that the Bitcoin price trend will be to the upside as it continues to hit new all-time highs (ATHs). He predicts that BTC will rally to as high as $150,000. 

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His accompanying chart showed that the thrill phase of the market cycle is when investors and traders may get overexcited about the bull rally and decide to go all in with leverage. However, as Ash Crypto indicated, this could go wrong since there will be a lot of liquidations during this period. 

Despite this being a bull market, the Bitcoin price has, at different times, corrected after reaching new highs and flushing out over-leveraged longs in the process. Alex Thorn, Head of Research at Galaxy Research, also explained earlier in the year that bull markets aren’t straight lines up and that significant price corrections are expected.  

However, in the long run, the bears get the short end of the stick in a bull run as prices trend upwards. Crypto analyst Ali Martinez recently revealed that over $800 million will be liquidated if Bitcoin rebounds towards $93,000. This is a price level that BTC just reached two days ago as it rallied to a new ATH of $93,400. 

The Bitcoin price has since corrected and dropped below $90,000. This was partly due to the US PPI inflation data, which was higher than forecasted. That development has cast some doubts about whether the Fed will be willing to further cut interest rates in December. 

More Price Correction In The Short Term?

Ali Martinez suggested that the Bitcoin price could experience further declines in the short term. In an X post, the crypto analyst said that the daily Relative Strength Index (RSI) shows that Bitcoin is in overbought territory, which typically signals a potential price correction ahead. 

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This price correction could also happen as Bitcoin investors look to secure profits. Martinez revealed that $5.2 billion in BTC profits have been realized and that the sell-side risk ratio has surged to 0.524%. He warned market participants to stay alert and proceed with caution. Bhutan Government falls among whales that are already securing profits as they recently sold $33 million worth of BTC, just weeks after selling $66 million BTC. 

At the time of writing, the Bitcoin price is trading at around $87,780, down over 2% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com

On-chain data shows the Ethereum Market Value to Realized Value (MVRV) ratio has entered inside a danger zone that has historically led to tops.

Ethereum MVRV Ratio Has Surged Into The Danger Zone Recently

In its latest insight post, the on-chain analytics firm Santiment has talked about some underlying metrics related to ETH. First, the firm has pointed out how the trading volume of the cryptocurrency has gone down since Ethereum’s surge from a few days back.

The value of the metric has been sharply going down recently | Source: Santiment

The trading volume observing a significant decline while the price is trying to continue its rally could indicate that momentum is weakening for the cryptocurrency.

One positive for the asset, though, could be the fact that the supply on exchanges has gone down since the rally started, implying that the investors have made net withdrawals.

Looks like the metric has plunged | Source: Santiment

Generally, investors transfer their Ethereum out of these central entities to hold onto it in self-custodial wallets for extended periods, so this decline in the supply on exchanges could be a sign of fresh accumulation.

Following the latest rise in the asset, its social dominance has also seen a jump. The “social dominance” here refers to the mindshare that Ethereum occupies on social media platforms among the top 100 cryptocurrencies by market cap.

Interest around ETH has grown in the last few days | Source: Santiment

It would appear that more eyes have been turning at Ethereum recently, which can be a sign that hype is building up among the traders. Historically, too much hype has been negative for the asset, as it has often led to top formations.

So far, though, the social dominance is still notably below the levels it was at when ETH hit its local top at the start of this month, as is apparent in the above chart. According to Santiment, this “may suggest there can be some room for it to go before things cool down.”

A signal that is more concretely bearish for Ethereum, however, is the 30-day MVRV ratio. In simple terms, what this ratio tells us is how the value that investors are holding (the market cap) compares against the capital that they invested into the asset (the realized cap).

The indicator appears to have entered the danger zone | Source: Santiment

Here, Santiment has used the 30-day MVRV ratio, which means this indicator only keeps track of the investors/addresses who bought their coins within the last 30 days.

As shown in the chart, this Ethereum indicator has recently risen into a territory that the analytics firm labels as a “danger zone.” Historically, the price has seen a correction not too long after the metric has reached this zone so another local top may be due for Ethereum right now.

ETH Price

At the time of writing, Ethereum is trading at around $1,800, up 1% in the past week.

ETH has been stuck in consolidation recently | Source: ETHUSD on TradingView

Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net