The bear market in Bitcoin is still ongoing, and recently experienced analysts like Willy Woo are confirming this. Willy Woo, who looks at volatility indicators, stated on X that the downtrend has not yet been broken. It doesn't seem to be good news for those expecting a rally.

The volatility metric analyzed by Willy Woo indicates that Bitcoin has not yet exited the bear phase. When volatility increases rapidly, the market is generally under more pressure. According to Willy Woo's observations, this situation is likely to continue for now.

Of course, predictions from analysts like Willy Woo are not always accurate. Still, these kinds of warnings are worth considering for those following technical indicators. It’s not yet clear when the market will recover, but Willy Woo’s volatility analysis at least suggests we should be cautious in the short term.