BEARISH 📉 : Bitcoin faces prolonged recovery period despite slowing sell-off

Bitcoin's price has been fluctuating between $60,000 and $70,000, with a recent dip below $67,000 causing investor concern. Analysts suggest that the intense selling pressure may have eased.

Market Outlook

Analyst Willy Woo believes the bearish trend is subsiding, allowing Bitcoin to stabilize in the coming weeks.
A potential increase to mid-$70,000 might occur, but it's expected to be temporary.
Woo predicts the bearish phase could last until Q4 2026, with a significant bull run not anticipated until Q1 or Q2 of 2027.

Liquidity Concerns

Both spot and futures market liquidity are declining, historically preventing substantial rallies.
Improvement in one or both markets is necessary for sustainable upward movement.

Reasons for Decline

Bitwise CIO Matt Hougan attributes the downturn to Bitcoin holders selling off assets.
Sellers include those following market cycles and others investing in AI companies.

Though current conditions indicate a prolonged flat period, analysts agree that new all-time highs will eventually emerge, marking the end of this "crypto winter."