Bitcoin's Bear Market Enters Final Phase: Analyst Sees Pain Ahead

A crypto analyst has predicted that Bitcoin's price remains in a bear market, expecting more volatility and pain ahead for the world's largest cryptocurrency.

No Name, a pseudonymous crypto analyst, stated that BTC has entered the second and final phase of its bear market stage. This period is characterized by slow, sideways price movement and extremely low investor sentiment.

The first bearish phase of this cycle saw Bitcoin's price decline sharply after a record-breaking rally in October 2025, when it surged past $126,000. Since then, the cryptocurrency has continued to trend downward, recently dipping below $60,000.

No Name noted that both bear market phases typically last about 350 days each, with the first phase already completed in this cycle. He expects BTC's price to hit its final cycle bottom within a key target range around October 2026, currently sitting between $47,000 and $51,000.