Analyst Predicts 80% Chance of Bitcoin Entering Bear Market

  • Bitcoin's price has recently struggled, unable to reclaim the $100,000 level for over four months. This has led to speculation about a potential bear market.
  • The probability of Bitcoin entering a bear market has increased, with significant sell-offs by whales adding billions in selling pressure.
  • Crypto analyst Titan of Crypto shared on X (formerly Twitter) that there is an 80% chance of Bitcoin being in a bear market, compared to a 20% chance of a bull market.
  • The classic 4-year cycle theory, historically characterizing Bitcoin and the crypto market, seems to be eroding, as no significant altcoin run has occurred.
  • According to Titan of Crypto, Bitcoin's RSI shows patterns similar to previous bear markets, and the next week's data could confirm the trend if it closes similarly by November 24.

Bitcoin bear market

  • In contrast, Coinglass's Bull Market Peak Indicators, which include 30 indicators, suggest the Bitcoin top has not been reached, with the process bar at just above 46%.
  • The Crypto Fear & Greed Index has dropped to an Extreme Fear score of 10, the lowest since March 2025, often indicating potential market reversals.
  • Despite these indicators, it remains uncertain how buyers will respond to current market conditions.

Bitcoin price chart from Tradingview.com