Matrixport: Price breaks below key level, market has entered confirmed bear market stage

ChainCatcher reports that, according to the weekly report released by Matrix on Target, Bitcoin's price has fallen below the key level indicated by analysts, confirming the downward trend. The current retracement magnitude and pace of Bitcoin are similar to the decline phases in historical cycles. Market discussion has shifted from "whether the trend is turning" to "when the next more favorable window for allocation will arrive."

Looking back, analysts successfully identified the start of Bitcoin's bull market and predicted that the cycle top could reach $125,000. Between late 2024 and October 2025, Bitcoin has repeatedly shown signs that the fifth bull market is nearing its end, indicating that bullish momentum is gradually waning. As the price breaks below key levels, the market has entered the bear market confirmation stage.