Bitcoin Bear Market May Be Slowing Down, Analyst Suggests

According to Jamie Coutts, Chief Cryptocurrency Analyst at Real Vision, Bitcoin may be entering the late stage of a bear market. In an interview with Cointelegraph, Coutts noted that Bitcoin's volatility has declined by approximately 50% compared to the previous market cycle.

This suggests the current downturn may not be as severe as past bear markets. However, Coutts also cautioned that markets rarely follow historical patterns so perfectly.

'They essentially move at their own pace,' Coutts said, adding that 'all trend indicators are clearly bearish.' Despite this, some early technical signals indicate that selling pressure is easing.

Coutts pointed out that he's starting to see bullish divergences in momentum indicators on longer timeframes. This suggests acceleration, or more precisely, negative momentum, is slowing down, but it doesn't mean we've technically exited the bear market yet.