Feb 7, 2026
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BEARISH 📉 : Bitcoin enters bear market with potential low by late 2026
Bitcoin has entered a new bear market, experiencing a 50% decline from its all-time high, reaching as low as $60,000. This marks its weakest level since October 2024, raising questions about the potential for further declines.
Potential Bitcoin Low in Oct–Nov
- Crypto expert NoLimit suggests time is crucial for identifying Bitcoin's market cycle turning points.
- Past cycles show bottoms occurring post-Halving: 406 days (2012), 363 days (2016), and 376 days (2020) after respective all-time highs.
- NoLimit estimates a high probability of a major capitulation point between October and November 2026, based on historical patterns.
NUPL Data Insights
- NoLimit utilizes the Net Unrealized Profit/Loss (NUPL) indicator, where the "blue zone" signifies generational lows.
- This indicator accurately identified previous market bottoms in 2018, during COVID-19, and in 2022.
- Bitcoin has yet to enter the "blue zone" in the current cycle, suggesting more room for decline.
- NoLimit forecasts Bitcoin could trade between $45,000 and $50,000 by the end of 2026, marking his target bottom range.
