⚠️ Bitcoin Bull Market May Be Nearing Its End, Analysts Warn

Bitcoin is under renewed pressure as several top crypto analysts warn that the two-year bull market could be approaching exhaustion. The world’s largest cryptocurrency is trading around $107,000, down sharply from its early-October peak above $126,000, amid growing concerns of a longer consolidation phase.

📉 Cycle Analysts Turn Bearish

Elliott Wave strategist Jon Glover, CIO at Ledn, believes the Bitcoin uptrend that began in early 2023 has officially ended, predicting a sustained bear market that could extend through late 2026, with possible declines toward $70,000 — over 35% below current levels.

Adding to the caution, market analysts such as Crypto Rover and CryptoBird cite Bitcoin’s historical 4-year cycle as evidence of an imminent peak. Based on prior patterns, bull markets typically top out 18 months post-halving — a window that aligns with the April 2024 halving. CryptoBird estimates the current cycle is already 99% complete, suggesting the next correction could begin within days.

Deribit options data reinforces the bearish tilt, with put premiums outpacing calls through 2026 — signaling demand for downside protection following the $19 billion liquidation event earlier this month.

🧭 Not All Analysts Agree

However, some analysts maintain that Bitcoin’s broader bull structure remains intact. Alex Thorn of Galaxy Digital points to continued growth in AI-linked investments, stablecoins, and asset tokenization as future catalysts.

Technically, Bitcoin remains above the Gaussian Channel’s upper band (~$101,300) — a level seen as structural support, though not necessarily a buy signal.

⚙️ The Bottom Line

Bitcoin’s price action has stabilized between $106,000–$109,000, suggesting short-term resilience amid uncertainty. But as cycle models flash exhaustion and macro tailwinds fade, the coming weeks could determine whether this is just a deep correction—or the start of a prolonged downtrend.#MarketRebound