Analysis: Bitcoin May Be in Late Stage of Bear Market, Decline Slows but Trend Remains Bearish

TechFlow News, July 12, according to Cointelegraph, Real Vision Chief Cryptocurrency Analyst Jamie Coutts stated that Bitcoin may be entering the late stage of this bear market, with overall downward momentum weakening. He pointed out that compared to the previous market cycle, Bitcoin volatility has decreased by about 50%, implying that the intensity of this correction may be weaker than previous bear markets.

However, Coutts also emphasized that the market may not completely replicate historical trends, and current various trend indicators remain significantly bearish. Despite this, some medium-to-long-term momentum indicators have shown bullish divergence, indicating that selling pressure may be easing, but this is not yet sufficient to prove that Bitcoin has technically exited the bear market.