Bitcoin, the leading cryptocurrency, entered a bear market after reaching its historical high of $126,000 in October 2025 and has since fallen by more than 50%.
Amid the ongoing bear market, with the price of $BTC dropping to the $57,000 level, some believe the bottom has been reached, while others claim it will be closer to the $50,000 level.
At this point, according to the latest analysis from CryptoQuant, Bitcoin's bear market may be nearing its end, and the ultimate bottom is expected to be reached at the $51,336 level.
A CryptoQuant analyst, speaking under a pseudonym, suggests that Bitcoin's bear market is drawing to a close.
According to the CryptoQuant analyst, as selling pressure, which began after Bitcoin's recent all-time high, weakens, the declines are becoming shorter and the recovery periods are becoming more substantial.
The analyst stated that the drop in early July was only slightly below the lows seen in early February, and since then $BTC has remained relatively stable around the $60,000 level.
This situation indicates a decrease in sellers' influence on the market and a loss of their previous pressure strength.
The analyst also noted positive technical data, arguing that the MACD and RSI indicators show bullish signals, positive divergences, and oversold levels, collectively suggesting a bottom is forming 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 capitulation is still possible and that the ultimate bottom could be around $51,336 (the 61.8% Fibonacci level).
He added that the area around $50,000 is an important historical support zone, coinciding with the investors' average cost basis and the 200-week moving average, creating conditions similar to the bottoms of past bear markets.
*This is not investment advice.
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