Deep Tide TechFlow message. On July 12, according to Cointelegraph, Real Vision’s chief crypto analyst Jamie Coutts said that Bitcoin may be entering the late stage of this bear market, with overall downside momentum weakening. He pointed out that compared with the previous market cycle, Bitcoin’s volatility has fallen by about 50%, suggesting that the strength of this correction may be weaker than in past bear markets.

However, Coutts also stressed that the market may not completely replicate historical patterns, and that current trend indicators are still clearly bearish. Even so, some medium- to long-term momentum indicators have shown bullish divergences, indicating that selling pressure may be easing, but this is not enough to prove that Bitcoin has technically exited the bear market.