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Analysts Divided on Bitcoin Bear Market Calls as Prices Inch Up from $77,000
Bitcoin has entered a bear market, with the market showing signs of "capitulation," a price analyst has claimed — while other observers call for calm.
After falling below the $80,000 mark for the first time since April 2025 yesterday, Bitcoin continued to drop, bottoming out at just over $77,000 in the evening of January 31. The coin has since made a slow if undramatic recovery, moving back to near $79,000 at the time of writing on February 1.
“A sequence of breakdowns across major support levels reinforces the view that the market has shifted regime, indicating that Bitcoin has entered a bear market,” wrote Carmelo Alemán, a trader and an analyst at the...