$BTC The cryptocurrency market has already entered a bearish phase. The target is $56 thousand.

The main signal is a sharp decline in demand, analysts note. On-chain indicators showed a trend break as early as the beginning of October 2025. And all the driving forces of the cycle, ETF, elections, BTC DAT, have been exhausted, and along with them, price support has disappeared.

Forecast:

• $70,000 — in the next 3–6 months

• $56,000 — in a deeper scenario, closer to the second half of 2026