A crypto analyst has stated that the Bitcoin price remains firmly in a bear market, projecting more volatility and pain ahead for the world’s largest cryptocurrency. The expert also noted that BTC has entered the final phase of this bearish stage, a period where the market is expected to reach its lowest levels alongside extreme Fear, Uncertainty, and Doubt (FUD). In his outlook, the analyst projected a timeline for when Bitcoin could complete its final capitulation move and establish a long-awaited bottom. He has also outlined a likely target range for this projected price floor.
Bitcoin To Face More Declines In Final Bear Phase
Pseudonymous crypto analyst No Name has broken down his price projections for Bitcoin in this bear cycle. In an X post on June 9, the expert announced that the leading cryptocurrency has officially entered the second and final stage of its bear market phase.
No Name noted that a typical bear market cycle does not end or start at random, suggesting it moves in a well-structured, methodical manner. The analyst explained, using a detailed chart, that a normal bull market goes through six stages, while a bear market experiences only two—marked by a major price crash and complete disinterest.
During the first bearish phase of this cycle, Bitcoin’s price declined sharply, shattering the optimistic narrative surrounding the cryptocurrency. This downturn followed a record-breaking rally in October 2025, when Bitcoin surged past $126,000, setting a new all-time high. Since then, the cryptocurrency has continued to trend downward, recently dipping below $60,000 at one point this month.
Notably, the second bear phase, in which the market currently resides, is historically characterized by slow, sideways price movement and extremely low investor sentiment. This comes as enthusiasm and interest in Bitcoin plummets, prompting many participants to exit the market. During this phase, trading volumes typically drop, price volatility narrows, and fear dominates investor behavior, often leading to extended periods of stagnation.
In his analysis, NoName noted that both bear market phases typically last about 350 days each. With the first phase already completed in this cycle, the math suggests that Bitcoin’s ongoing bear trend could end in October 2026. Confirming this, the analyst expects BTC’s price to hit its final cycle bottom within a key target range around that timeline. Based on his chart, this price floor currently sits between $47,000 and $51,000, aligning with the MA 350.
Analyst Forecasts BTC Crash Next Week And ATH Next Year
For a shorter-term outlook, crypto analyst Kabuki projects that Bitcoin could crash to $54,000 as soon as next week. He expects the cryptocurrency to also extend this decline, likely hitting a final price bottom around $47,000 by July 2026.
He backed his bearish outlook by noting that Bitcoin is currently at a historical level where every bull trap ends. Once the bear market capitulation concludes by July, Kabuki predicts that a fresh bull trend could emerge, potentially paving the way for BTC to rally to new all-time highs around $151,000 by January 2027.
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson