According to insights shared by Julio Moreno, Head of Research at CryptoQuant, Bitcoin may have quietly entered a bear market nearly two months ago. His evaluation, based on long-term market indicators such as the one-year moving average trend, suggests that Bitcoin’s momentum has shifted despite market optimism.
Moreno further predicts that if the trend continues, Bitcoin’s potential downside could push the market toward a new support zone. Over the next year, the bear market bottom may form between $56,000 and $60,000, depending on macroeconomic conditions, historical Bitcoin performance, and investor sentiment.
While the broader crypto community remains divided on the outlook, this analysis highlights the importance of monitoring long-term metrics rather than relying solely on short-term price action. Analysts advise traders and investors to remain cautious and prepared for potential volatility ahead.
