Analyst: Bitcoin may be entering the late stage of a bear market, and it is expected to rise to $250k within the next two to three years.

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ME News message, on July 12 (UTC+8), Real Vision’s Chief Crypto Analyst Jamie Coutts said that Bitcoin may be entering the later stage of this bear market. Although the bear market has not ended yet, downward momentum has already begun to weaken. The current BTC price is down about 50% from the $126,100 all-time high reached in October 2025. Coutts described the current move as a “typical bear market” and noted that Bitcoin’s volatility is down by about 50% versus the previous cycle, which suggests this leg down may not be as severe as in the prior bear market. However, he cautioned that all current trend indicators still remain clearly bearish, and the market will not mechanically repeat historical cycles. He said that momentum indicators over the longer term are starting to show a bullish divergence, indicating that negative momentum is slowing, but that does not mean Bitcoin has technically exited the bear market. In addition to global liquidity tightening, deterioration in on-chain demand is also an important reason behind Bitcoin’s earlier selloff. For long-term price forecasts, Coutts is cautious about Bitcoin reaching $1 million in 2030. He would rather predict that BTC will rise to $200,000 to $250,000 in the next two to three years. At the same time, he warned that the Bitcoin community needs to address potential threats from quantum computing more clearly before 2027, because major protocol upgrades may take about five years. (Source: ChainCatcher)
BTC-2.46%
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