Bitcoin, the leading cryptocurrency, entered a bear market after its all-time high of $126,000 in October 2025 and has since fallen by more than 50%.
In the ongoing bear market, with BTC having fallen to levels as low as $57,000, some analyze that the bottom has been reached, while others argue that the bottom will be closer to the $50,000 level.
At this point, the latest analysis comes from CryptoQuant, and the analyst stated that the bear market in Bitcoin may be coming to an end and that the ultimate bottom is expected to be at the $51,336 level.
A CryptoQuant analyst, using a pseudonym, suggests that Bitcoin’s bear market is nearing its end.
According to a CryptoQuant analyst, as the selling pressure that began with Bitcoin’s recent all-time high weakens, dips are becoming shorter and recoveries are becoming larger.
According to the analyst, the drop in early July was only slightly below the lows seen in early February, and BTC has remained relatively stable around $60,000 ever since.
This situation indicates a decrease in seller power in the market and that selling pressure has lost its former strength.
The analyst also noted that the technical data is positive, arguing that the MACD and RSI indicators show bullish signals, positive divergences, and oversold levels, all of which collectively point to a bottom formation for BTC.
However, the analyst does not rule out the possibility of a final sell-off in the short term. He notes that a final sell-off is still possible and that the ultimate bottom could be around $51,336 (61.8% Fibonacci level).
He added that the area around $50,000 is a significant historical support zone, coinciding with investors’ average cost floor and the 200-week moving average, creating conditions similar to past bear market lows.
