Bitcoin nearing late stages of bear market: Jamie Coutts, Real Vision
Bitcoin may be in the latter half of its bear market, with downside momentum slowing but not yet reversing. A crypto analyst described current price action as a typical bear market: BTC trades around $63,000, about 50% below its prior high, while volatility is roughly half of the previous cycle. Trend indicators remain bearish, but longer-term momentum is showing a bullish divergence, suggesting selling pressure is easing. Weakening onchain demand also appears to have contributed to the downturn, alongside tighter liquidity. The analyst was skeptical of a $1 million Bitcoin price by 2030, saying models point more plausibly to $200,000–$250,000 within the next two to three years, with longer-term forecasts too uncertain. He also flagged quantum computing as a major future risk if the network does not move toward a clear protocol upgrade by 2027.
